Budget to cost Young's £11m.

The Government's Budget will lead to increased costs for Young's, a London-based business, as stated in their interim results. Despite this, the pub group reported a significant increase in total revenue and adjusted earnings for the period ending in September 2024. Young's also successfully integrated the City Pub Group estate, reducing their net debt position and expressing confidence in their ability to achieve long-term growth. The CEO highlighted the impact of recent government announcements on the business and called for reform in the business rates system to support the hospitality industry. [Extracted from the article]