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Beaverbrooks Warns Higher NICs, Wage Cut Profits 9%

By Drooid · · How we work

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Story summary
  • Anna Blackburn, Beaverbrooks managing director, urged the government to halt cost-increasing taxes.
  • Beaverbrooks reported a 9% profit drop to £7.8 million and sales down 0.1% to £217 million.
  • Blackburn said higher employer NICs and the new minimum wage cut profits.
  • JD Sports chief called the NIC and wage rise a ‘wrong movement’ harming youth hiring.
  • Chancellor John Healey is reportedly weighing shifting green subsidies to general taxation and reviewing fuel duty.