Co-op blames job cuts on Labour national insurance raid Retail Co-op group has slashed its headcount this year to handle the added costs of Labour’s national insurance raid, its chief executive has revealed, saying the tax hikes had pushed the retailer to invest in more automation. The group, which runs life insurance and funeral businesses as well as its grocery arm, said on Wednesday that [...]
Brewdog founder James Watt slams Burnham over Neets crisis Politics Brewdog co-founder James Watt has attacked Andy Burnham for “dangerous narratives” around youth joblessness, criticising the government for hiking the cost of employment. The beer tycoon said the Prime Minister is wrong to “blame the system” and should instead cut the cost of hiring workers and “get out of the way”. The Scottish businessman, who [...]
Claridge’s swings to £10m loss as luxury hotel warns on ‘adverse impact’ of tax hikes Hospitality Claridge’s has suffered a loss of just under £10m as the iconic London business warned government tax hikes were taking their toll. The five-star Mayfair hotel, which opened its doors in 1898 before expanding via a five storey ‘mega basement’ in 2021, recorded a loss after tax of £9.7m for 2025, reversing a £2m profit [...]
Giving Neets jobs in hospitality would generate £2.3bn, Hilton claims September 9, 2026 Hilton has urged the government to encourage unemployed young people into hospitality, claiming that filling all the industry’s vacancies would add £2.3bn to the economy. The hotel group, in collaboration with trade body UK Hospitality (UKH), has urged Andy Burnham to lower taxes on hospitality firms to give them the breathing space to take a [...]
Itsu blames inflation and Labour tax hikes as rising costs bite September 9, 2026 Itsu has posted its third consecutive annual loss as the Asian food-to-to chain blamed surging inflation and Labour hikes to employment taxes for its rising costs. The edamame eatery, founded by the grab-and-go tycoon behind Pret a Manger, said the UK’s fast food industry is suffering from fragile consumer confidence and a rising tax burden. [...]
‘King of Mayfair’ Richard Caring hits out at ‘lacklustre’ economy September 7, 2026 Richard Caring, dubbed the ‘King of Mayfair’, has blamed the UK’s “lacklustre” economy for falling sales at his luxury restaurant group. The hospitality tycoon’s Caprice Holdings reported a four per cent dip in revenue to £90.5m in the year to January, which it blamed on rising employment costs and US tariffs. Caring’s hospitality group includes [...]
Retailers call for ‘lifeline’ from Healey as cooler weather fails to boost footfall September 4, 2026 Britain’s retailers have called for a “lifeline” from the Chancellor John Healey after footfall fell again in August despite cooler temperatures. Total footfall in the UK fell by 1.7 per cent year on year last month, according to data from the British Retail Consortium (BRC). Though shopping traffic fell at a slower rate than July’s [...]
Retailers urge Healey to unwind national insurance hike to boost jobs September 3, 2026 Retailers have called on Chancellor John Healey to unwind some of the national insurance reforms made by his predecessor in a bid to tackle the youth joblessness crisis. The British Retail Consortium (BRC), which represents retailers including Tesco, Sainsbury’s and Marks & Spencer, has written to the Chancellor, urging him to unwind “soaring employment costs”. [...]
Bingo giant takes hit from rising employment costs September 1, 2026 The country’s biggest bingo hall operator has hit out at the “significant” hikes to employment costs which dragged down its earnings despite surging Gen-Z interest in the pastime. Buzz Bingo, formerly Gala, blamed recent increases in employer national insurance contributions (NICs) and the minimum wage for its six per cent dip in underlying earnings, to [...]
Graduate jobs market slumps to new low August 24, 2026 The UK’s ailing graduate jobs market has slumped to a record low as employment costs surge and firms turn to AI for entry-level roles. The number of graduate vacancies in Britain fell 45.6 per cent to 8,383 in the year to July, undercutting the previous low set in May, according to recruitment firm Adzuna. This [...]