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Hospitality firms ‘to incur £1bn costs from employer NICs on 774,000 more workers’

The hospitality industry will incur an extra £1bn of costs for 774,000 of its workers who will be newly eligible for employer national insurance contributions from April, endangering jobs and businesses, a leading industry body has claimed. UKHospitality, which represents thousands of restaurants, hotels, pubs, cafes and nightclubs, is calling on the government to delay…

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Home insurance costs soaring as climate-related events surge, Treasury Department says

Firefighters battle flames during the Eaton Fire in Pasadena, California, U.S., Jan. 7, 2025. Mario Anzuoni | Reuters Climate-related natural disasters are driving up insurance costs for homeowners in the most-affected regions, according to a Treasury Department report released Thursday. In a voluminous study covering 2018-22 and including some data beyond that, the department found…