00:00Financially, it's going to be worse than COVID, and I know that's a very strong statement,
00:05but I am talking financially and not any other way. When COVID hit, we were given furlough to
00:14be able to support our team. We as a company did not make one person redundant during that,
00:20and we were also given grants to assist us through. Come the 1st of April, the government
00:26are imposing on us new insurance rates, national insurance rates, and a new threshold,
00:33and that is going to be effectively in perpetuity. For a small company our size,
00:38we employ 400 people, it's going to cost us over £8,000 a week, and that's without the
00:45national minimum wage going up. To be honest about it, we're not sure how we're going to
00:52get through with this. We have to get through, we've been going 50 years, and I'm hoping that
00:58we're going to be here for another 50 years. However, £8,000 a week is an inordinate amount
01:06of money, and I've got to say, I don't think that the government realised what they've done
01:13to retail, hospitality, or the high street.
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