Rise in living wage spells further misery for retailers, businesses warn December 18, 2023 Hollywood Bowl boss brands pay increase as 'unexpected hit'
Mitchells & Butlers: Shares rise at All Bar One owner as profit hits £164m May 22, 2024 Mitchells & Butlers said half-year profit soared as cost inflation eased, despite an "unavoidable" decline in pubs and restaurants over the last year.
Hunt rules out chunky tax cuts before the election as they’d ‘compromise’ inflation fight October 2, 2023 Chancellor Jeremy Hunt has argued that sizeable tax cuts this year would “compromise” the battle against inflation as colleagues piled on the pressure for a pre-election giveaway. The Cabinet minister said on Monday he and Rishi Sunak were prioritising the pledge to halve prices before carrying out tax cuts in any “substantial way”. As Tory [...]
Cutting wages is a short-sighted solution to hospitality’s woes January 17, 2024 The hospitality sector is under pressure, but foregoing fair pay is not a long-term solution, writes Andrea Rasca.
Sainsbury’s injects £200m for staff pay as bumper Christmas helps stave off Lidl and Aldi threats January 4, 2024 Some 120,000 employees at Sainsbury’s and Argos are set to have their hourly wage increase, as the supermarket injects £200m into improving pay. Staff at the ‘Big Four’ grocer will now be handed £12 per hour, in line with the Real Living Wage. For workers in London this will leap to £13.15. Sainsbury’s has increased [...]
CBI boss warns looming minimum wage increase may stoke inflation March 27, 2024 The increase in the minimum wage could reignite inflationary pressures as firms are forced to pass on costs to consumers, the CBI warned.
Regent’s Park gardeners down tools in strike over pay February 1, 2024 One of the capital’s most-loved natural spots will be left unattended today as Regent's Park gardeners go on strike.
VAT threshold raised to £90,000 in boost for small businesses – but pubs still feeling the pinch April 1, 2024 Hard-pressed small business owners were thrown a lifeline on Monday after the government rolled out an increase to the VAT threshold.
Mitchells and Butler: All Bar One owner lifts guidance as cost pressures ease January 17, 2024 All Bar One owner Mitchells and Butler (M&B) expects profits to be at the top end of forecasts as it cautiously cheered an end to tough cost pressures. The no-frills pub chain, which also owns Toby Carvery, said that like-for-like sales were up 7.7 per cent in the two months to January, over the Christmas [...]
Better pay and conditions needed for night workers – TUC October 28, 2023 Black and ethnic minority (BME) workers are “significantly more likely” than white workers to do regular night work, new research suggests. Around one in seven BME workers work nights compared to one in 11 white workers, said the TUC, adding that it was evidence of “structural racism”. The union organisation said night work is routinely [...]