Hollywood Bowl says minimum wage rise may lead to higher prices- QHN

His comments came as the UK’s largest 10-pin bowling operator reported record sales for the year to September.

The National Living Wage for workers over 23 will increase to £11.44 per hour next April, from £10.42.

The National Living Wage for workers over 23 will increase to £11.44 per hour next April, from £10.42.

The rises represent a 9.8% increase for over-23s, and a 12.4% jump for workers aged 21 and 22.

Speaking to the BBC’s Today programme, Mr Burns said the increase was “an unexpected hit – we budgeted for it to go up by around about 7.7%”.

The new rate was “quite painful”, he added, costing the company about £600,000 in the second half of the current financial year, and £1.2m on an annual basis.

“Clearly it’s put a bit of pressure on,” he said.

“We have managed to keep our prices pretty low to try and mitigate that but we may need to do something again towards the mid or the end of the year.”

The National Living Wage for workers over 23 will increase to £11.44 per hour next April, from £10.42.

His comments came as the UK’s largest 10-pin bowling operator reported record sales for the year to September.

The rises represent a 9.8% increase for over-23s, and a 12.4% jump for workers aged 21 and 22.

The National Living Wage for workers over 23 will increase to £11.44 per hour next April, from £10.42.

The National Living Wage for workers over 23 will increase to £11.44 per hour next April, from £10.42.

The rises represent a 9.8% increase for over-23s, and a 12.4% jump for workers aged 21 and 22.

Speaking to the BBC’s Today programme, Mr Burns said the increase was “an unexpected hit – we budgeted for it to go up by around about 7.7%”.

The new rate was “quite painful”, he added, costing the company about £600,000 in the second half of the current financial year, and £1.2m on an annual basis.

“Clearly it’s put a bit of pressure on,” he said.

“We have managed to keep our prices pretty low to try and mitigate that but we may need to do something again towards the mid or the end of the year.”

#Hollywood #Bowl #minimum #wage #rise #lead #higher #prices

Note:- (Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor. The content is auto-generated from a syndicated feed.))