"Spencer Bowman, managing director of Mettricks, states, 'There's nothing that I'd want more than to ensure that my team can earn a really fair amount of money for a fair day's work. And it's been one of my long-term ambitions to see hospitality workers, my employees, paid far more.'"
"'If something doesn't give somewhere, we will be closing sites. It doesn't make any sense. Revenue is up. Our customer numbers are up. But our costs everywhere have hit a point where we're not financially sustainable and if that continues, there's only one outcome for that.'"
The national minimum wage is increasing by 50p to £12.71 for over-21s, affecting 2.7 million workers. Workers aged 18-20 will see an 85p rise to £10.85, while under-18s and apprentices will earn £8 an hour, an increase of 45p. While campaigners support the wage hikes, businesses express concerns about higher wage bills leading to price increases or staff cuts. The Low Pay Commission states that past wage increases have not significantly harmed jobs. Business owners like Spencer Bowman highlight the unsustainable cost pressures they face despite rising revenues.
Read at www.bbc.com
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