Wage rises could result in price spikes, employers warn

Employers have warned that businesses may be required to raise prices as a result of wage hikes.

17 Aug 2021

Employers have warned that businesses may be required to raise prices as a result of wage hikes.

A survey carried out by job board Caterer.com revealed that many employers have experienced staff shortages since coronavirus (COVID-19) lockdown restrictions eased.

The survey also found that 93,000 EU workers have lost their jobs in the hospitality sector due to Brexit.

According to the survey, 90% of UK hospitality businesses are now paying at least the National Living Wage (NLW). Caterer.com's research also revealed that employers in the hospitality sector have revamped branding and employee benefits in order to attract jobseekers.

Kathy Dyball, Director at Caterer.com, commented: 'Talented EU workers remain an essential part of the sector's success and we join the industry in calling for the government to urgently make it easier for hospitality talent to return to the UK.'

Quick Links

Home | Contact us | Accessibility | Disclaimer | Help | Site map |

© 2024 Blue Spire Limited (Brighton). All rights reserved.

We use cookies on this website, you can find more information about cookies here.

Blue Spire Limited (Brighton) are Accountants in Brighton.

Contact Brighton Office

Tel: +44 (0)1273 739533
Fax: +44 (0)1273 732844
Email: brighton@bluespiregroup.com


Contact Chichester Office

Tel: +44 (0)1243 781234
Fax: +44 (0)1243 791770
Email: chichester@bluespiregroup.com

Brighton Address
5th Floor Intergen House, 65-67 Western Road, Hove, East Sussex BN3 2JQ

Chichester Address
Cawley Priory, South Pallant, Chichester, West Sussex PO19 1SY

Blue Spire Limited is Registered to carry out audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales C004152645. Professional indemnity insurance is provided by Royal & Sun Alliance Insurance Plc 9th Floor, One Plantation Place, 30 Fenchurch Street, London, EC3M 3BD and its territorial coverage is worldwide (excluding United States/Canada).
Blue Spire Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. FSA register https://www.fca.org.uk/register reference 566257. This guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at customers based in the UK