Autumn Budget snapshot survey November 2024

The Autumn Budget announced rises to wage rates by 6.7%, increases to Employers National Insurance contributions (increase in rate and decrease in threshold) in addition to a reduced business rates discount (from 75% to 40%). We invite you to take part in this short survey. Your insights will help us identify the challenges facing our Members and the wider industry, enabling us to develop campaigns to address these issues and support your business survive and thrive. This survey is an opportunity to have your voice heard and shape the future of our sector. Your participation is invaluable, and we appreciate your time and input.

2.How much have you put up prices over the last three years, if at all?

2022 - 0%, up to 5%, between 5-10%, 10-20%, more than 20%

2023- 0%, up to 5%, between 5-10%, 10-20%, more than 20%

2024 - 0%, up to 5%, between 5-10%, 10-20%, more than 20%

3.In addition to existing NHBF resources eg. the legal and employment advice line and advice on managing your finances, your cash flow and your staff, what other business support would be the most useful to your business right now:

Thank you for sharing your experiences and helping us advocate for the hair and beauty industry. Your responses will remain confidential and will only be used to inform NHBF campaigns and support initiatives.

4.What specific areas do you feel you need the most support in right now?

- Managing energy costs

- Staff wages

- Taxes/ VAT changes

- Rent

5.What format of support materials do you prefer?

Financial planning tools

One-on-one consultations

Webinars

A downloadable guide

6.How would you prefer to receive support or information from us?

Email newsletters

Social media updates

In-person events

Virtual meetings

7.Are there any government schemes or funding opportunities you'd like more information or guidance on? (Open question)