Pubs and Bars
Tim Martin: NICs and labour rates to cost JD Wetherspoon £60m
The pub chain revealed that its half-year operating profits fell by 4.3% to £64.8m, mainly due to labour and utility costs which in total were £30.6m higher
JD Wetherspoon boss Tim Martin has warned that the imminent increases in National Insurance and labour rates will result in company cost increases of roughly £60m, which would mean about £1,500 per pub, per week.
You'll need to
subscribe to unlock this content. Already subscribed? Login?
