Borapan - comment

The warning from Ranjit Boparan about rising costs in the Poultry business resulting from the recent budget will depress bond prices. The increase in minimum wage levels and Employer’s NI starts in April 2025. Exactly how much the additional costs will be is uncertain as they will be balanced with lower pay rises with the gap between hourly rates and the minimum wage narrowing. 

The relationship between the poultry trade and the supermarkets is much more constructive now, but pass-through of additional staff costs will be much harder to achieve than easily tracked feed costs. Some pain sharing is likely, leading to pressure on margins in the last quarter of FYE, July 25.

https://www.cityam.com/disaster-budget-will-kill-uk-farming-warns-chicken-king-boparan/