The hair and beauty industry continues to face challenging times and the NHBF has been pushing the UK Government for more support as many salons and barbershops are still trading at well below normal levels.
A new raft of financial measures will kick in for the winter, but the NHBF says the UK Government has not gone far enough.“For example, we fail to understand why the hair and beauty sector has not benefited in the same way as hospitality and leisure from VAT being cut to 5% until the end of March,” says NHBF finance director Kishon Mather. “A VAT reduction to 5% would provide a much-needed boost for our industry, particularly as salons and barbershops have few costs on which they can claim VAT back.”
He adds: “With employers still being asked to foot wage bills, despite poor trading, we believe the Job Support Scheme does not go far enough to save jobs or businesses. We will continue to lobby the Government at the highest levels. Nevertheless, it’s vital to understand exactly what financial help is available in the coming months.” You can find out more about the NHBF’s campaigning work here: nhbf.co.uk/campaigns.
New job support scheme