Young's chief executive Simon Dodd warned that as a result of the tax hikes, there will be 'significant increased costs for our industry in the near term.'
Dodd expressed the company's intentions, stating, 'We will work to see how we can mitigate these headwinds without passing on all the cost to our loyal customers.'
Criticism of the Budget came from Young's and JD Wetherspoon's Tim Martin, who noted, 'costs will soar significantly' for hospitality businesses, impacting overall profitability.
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