UKHospitality has said the Government commitment not to raise employer contributions during this Parliament is essential.
Kate Nicholls, Chair of UKHospitality, said: “Adequately saving for retirement is so important and the Pensions Commission is an opportunity for a comprehensive review that delivers sustainable solutions.
“This is not an easy problem to solve. Consumers are still contending with a cost-of-living crisis, with every penny in their pay packet counting, and the cumulative cost burden facing businesses is the highest in recent memory.
“We’ve already seen the unintended consequences increasing business costs, like employer NICs, has had on the employment market, costing jobs. It’s therefore crucial the commission embarks on a partnership approach with business and consumer groups to reach the right balance.
“The Government commitment not to raise employer contribution rates during this parliament is the right one and reflective of the economic challenges facing many across the country. I look forward to working with the commission throughout this review.”
