Frasers blames Labour for £10m increase in employment costs

Frasers Group has revealed that increases to the minimum wage and employer National Insurance added an alleged £10m to its costs last year.
The Sports Direct owner said the changes drove a £9.7m increase in operating expenses across its Premium Lifestyle division, which includes Flannels, House of Fraser, Jack Wills and Sofa.com.
Profit from trading in the division dropped by £9.8m to £147.6m as the additional employment costs outweighed an improved gross profit performan