Autumn Budget snap poll
Following several Government meetings post-Budget, the NHBF has commissioned important analysis.
To feed into this and have your say, take a few moments to answer this short poll about the impact on your business and what you’ll do next.
1.
The Autumn Budget introduced a 6.7% rise in National Minimum Wage rates, higher Employers’ National Insurance contributions (with an increased rate and lower threshold), an increased Employment Allowance, and a reduction in the business rates discount from 75% to 40%.
What impact is this likely to have on your business and what actions are you likely to take? (tick all that apply)
Increase prices
Reduce the number of staff I employ
Take on fewer apprentices
Reduce staff or apprentice hours
Take lower profits and absorb the costs
Reduce business investment
Downsize my business permanently
Close my business permanently
Reduce the number of premises I operate
Switch from employing staff to contracting self-employed workers
Run a hybrid model of some employed staff, some self-employed workers
Increase wages of employees above minimum wage, as well as those on minimum wage
No impact on the business
Other (please specify)
2.
What type of business are you (tick all that apply)?
A salon or barbershop owner (this includes hair, beauty, nails, advanced beauty, aesthetics etc)
A self-employed individual
A chair or room renter
A home-based salon
A mobile/freelance business
3.
How many employees do you have, if at all?
0, I don't have employees
1-4
5-10
11-20
21-50
51-100
100+
4.
Over the
past
12 months, how much have you put up prices by, if at all?
0%, I haven't put up prices
up to 5%
between 5-10%
between 10-20%
more than 20%
5.
Over the
next
12 months, how much will you increase prices, if at all?
0%, I don't intend to put up prices
up to 5%
between 5-10%
between 10-20%
more than 20%
6.
What specific areas do you feel you need the most support in right now?
Managing energy costs
Staff wages
Taxes/ VAT changes
Rent
7.
What format of support materials do you prefer?
Financial planning tools
One-on-one consultations
Webinars
A downloadable guide
8.
How would you prefer to receive support or information from us?
Email newsletters
Social media updates
In-person events
Virtual meetings
9.
Is there anything else not listed within supporting you, that you would like us to cover?
