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Top restaurant bosses warn Budget could force job cuts (www.bbc.com)

submitted 1 week ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 1 week ago* (last edited 1 week ago)

Looking up the first company listed, Fullers.

They made £60M Profits in their financial year ending March 2024 and paid ~14M in taxes in total, of which ~£8M of that is NI. The change to NI would take their total taxes up to approx. £15M (25% of their profits)

I can see how their hands are completely tied and it's completely impossible for them to continue to operate with their current workforce /s

https://www.fullers.co.uk/-/media/sites/main-website/pdfs/corporate/investors/2024/fullers-ar24-final-1.ashx