00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and here
00:05are your business headlines for this morning. The Domino's Pizza Group has revealed it's facing a
00:10cost hit of about three million pounds a year from the budget measures as it unveiled a new
00:17five-year agreement with franchisees. The takeaway pizza chain said last month's budget moved to
00:24increase employers' national insurance contributions and further increases to the
00:30national minimum wage had significantly increased the cost of labour for Domino's
00:36and its franchise partners. The group said in a statement today,
00:41although we've identified specific mitigation plans, we now believe that the annual impact
00:46for Domino's Pizza Group will be around three million pounds per annum from 2024 to 2025 onwards.
00:54My name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.
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