Asked by: Louie French (Conservative - Old Bexley and Sidcup)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what was the change in the number of jobs in the retail industry between 2023-2024 and 2024-2025; and what assessment he has made of the reasons for the change.
Answered by Kate Dearden - Parliamentary Under Secretary of State (Department for Business and Trade)
According to ONS data, between 2023-24 and 2024-25, retail employment fell by around 94,800 jobs (-3.3%), from 2.9 million to 2.8 million [1]. This continues a longer-term downward trend in retail employment seen since 2016.
The decline reflects structural shifts (e.g. e-commerce, automation), macroeconomic pressures (e.g. inflation, interest rates), and workforce challenges. In response, DBT is supporting retail transformation through business rates reform, the Help to Grow scheme, and the recently announced Small Business Plan, which aims to tackle late payments, boost access to finance, and remove red tape to help small businesses, including retailers, grow and thrive.
[1] Not seasonally adjusted and were averaged to produce annualised estimates. Self-employment figures are derived from the Labour Force Survey (LFS) JOBS04 tables. LFS has known limitations, including sampling variability and response rate challenges, which may affect precision. Estimates for March 2025 are provisional and subject to revision. Retail is defined as SIC 47 – “Retail trade, except of motor vehicles and motorcycles”.
Asked by: Louie French (Conservative - Old Bexley and Sidcup)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps his Department is taking to support hospitality businesses that are (a) reducing their workforce and (b) operating at reduced capacity due to cost pressures.
Answered by Kate Dearden - Parliamentary Under Secretary of State (Department for Business and Trade)
The Government recognises the vital role hospitality businesses play in local economies and communities. We also recognise the pressures they face.
That's why creating a fairer business rates system, including permanently lower rates for retail, hospitality and leisure properties under £500,000 and protecting the smallest businesses by increasing the Employment Allowance to £10,500, so that 865,000 employers will pay no NICs at all and can hire up to four full-time workers on the National Living Wage without incurring employer NIC costs.
We also work closely with the Hospitality Sector Council to improve the productivity and resilience of hospitality businesses by co-creating solutions to the issues including cost and employment pressures.