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From: Denc 🗡
My heart bleeds ( takes out onion ) for poor….. Starbucks which is going bust… Starbucks blames minimum wage and taxes for mounting losses Starbucks has blamed higher jobs taxes and minimum wage under Labour for mounting losses at its UK business. The US coffee chain said “changes to minimum wage and employer National Insurance contributions” had put pressure on its profit margins as operating losses widened from £27.5m to £29.8m. Staff costs rose from £118m to £129m in the year to October 2025, even as the UK business cut more than 200 jobs to take its headcount to just over 5,320. Starbucks made an operating loss in the UK despite turnover rising by £30m to £556.3m, according to accounts filed at Companies House. It is the latest business to warn of the impact of higher employment costs under Labour. Bosses have warned that changes to minimum wage and National Insurance will lead to fewer jobs and prompt hospitality businesses to cut opening hours. Brink back coffee bars , juke boxes, the hand jive.

Current Thread	Author	Time
My heart bleeds ( takes out onion ) for poor….....[more]	Denc 🗡	05:45:25

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