Pub chain Mitchells & Butlers faces £130m hit from rising wage and food costs
Group, which also owns restaurant brands including Toby Carvery, feels impact of increase in employer NICsBusiness live – latest updatesThe All Bar One owner, Mitchells & Butlers, has warned that...
By Mark Sweney · The Guardian World
Group, which also owns restaurant brands including Toby Carvery, feels impact of increase in employer NICs Business live – latest updates The All Bar One owner, Mitchells & Butlers, has warned that it is facing about £130m in extra costs over the next year because of a soaring wage bill and rising food prices. The group, which also owns brands including Toby Carvery, Harvester and Miller & Carter, said the cost increases were largely being driven by April’s increases to the minimum wage and employers’ national insurance contributions. Continue reading...