RICK STEIN’S CORNWALL RESTAURANT EMPIRE HIT BY REEVES’S TAX RAID
https://s.yimg.com/ny/api/res/1.2/YAeHz68WZKjRy6gaZfuJvg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03NTA-/https://media.zenfs.com/en/the_telegraph_258/daf4d5e018de9ee025bcb93f7f9cbd62
✍️ Rick Stein's restaurant empire has faced mounting losses and falling customer numbers due to the impact of Rachel Reeves' tax raid on employers.
👉 Revenues at Seafood Restaurant (Padstow) dropped by £1.3m to £18.9m in 2024 👉 Pre-tax losses widened from £204,000 to £459,000 👉 Total revenues across Stein's restaurant empire were down 5.4pc to £30.4m 👉 The company has 355 staff and is one of the largest private sector employers in Cornwall 👉 Nearly 90,000 jobs in the hospitality sector have been lost since the changes to employment taxes were announced 👉 The company has adjusted prices and changed menus to mitigate the impact of rising prices
-- #RickStein #RachelReeves #IanFitzgerald #Cornwall #Padstow #business
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