Concern others will follow suit after Costa Coffee owner said it is planning ‘efficiency savings’ to offset national living wage costThe price of coffee,beer and hotel rooms could rise to fund George Osborne’s “national living wage” after the group behind Costa Coffee and Premier Inn said it was looking at ways to offset the cost of the pay rise for more than 15000 staff.
The warning from Whitbread, which is worth nearly £8.5bn, or increases concerns that businesses will increase prices and cut jobs in response to the new pay rate. The company said in a statement that it plans to originate “some selective price increases” and “efficiency savings” to mitigate the cost of the national living wage.
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Source: theguardian.com