Pub chain Mitchells & Butlers faces £130m hit from rising wage and food costs

2 months ago 49

Group, which also owns restaurant brands including Toby Carvery, feels impact of increase in employer NICs

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 that the cost increases were largely being driven by April’s increases to the minimum wage and employers’ national insurance contributions.

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