From Yahoo Finance: 2025-04-04 01:05:00

Pub owner Philip Thorley in Broadstairs, England, plans to raise prices due to a tax hike for British employers. The 25 billion-pound social security contribution increase will hit hospitality hard, with a threshold drop and rate rise. Thorley expects a 5% price hike to cover most of the tax increase, with the average pint price going up by 21 pence.

The minimum wage in Britain recently increased by nearly 7%, impacting the hiring and wage decisions of many businesses. Employers are considering automation, slower wage increases, and fewer hires. The Bank of England plans to keep cutting interest rates to help the economy, despite uncertainties and risks of inflation increasing to over 4%.



Read more at Yahoo Finance: Analysis-As tax hit looms, UK employers prepare to push up prices