Interesting to see some real-life case studies coming through.
Something in this to support what Leave and Remain sides said.
Leave advocates will see evidence that no more EU workers means a rise in wages and therefore some workers are better off.
Remain advocates will see a key advocate of Brexit become loss-making as a result of Brexit, so fulfilling some of the negative projections of Brexit.
Quote:
Wetherspoons warns of £30mn full-year loss driven by rising staff costs
JD Wetherspoon warned it was likely to fall to a “higher than expected” full-year loss of about £30mn, driven largely by increasing labour costs.
The 860-site pub chain said its sales were back to 2019 levels but “labour costs are far higher”.
Staffing shortages have stymied the recovery for the wider hospitality sector. Around one in seven hospitality jobs are currently unfilled, suppressing revenues across the industry by about 16 per cent, according to a separate report published on Wednesday by the industry body UKHospitality.
Wetherspoons pointed to how it had “invested heavily in labour, repairs and marketing” following the end of Covid-19 restrictions in February.
The company had forecast in a trading statement in May that it would break even this year. But on Wednesday it said it now expected to fall to a loss of £30mn for the financial year.
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https://www.ft.com/content/3a58c426-...d-442b6ac59216