UK hospitality and retail bosses warn that a further minimum wage increase will put jobs, particularly for young people, at risk and urge the Chancellor to ease cost burdens in the Budget.

UK business leaders including UKHospitality's Allen Simpson, the BRC's Helen Dickinson and entrepreneur Hugh Osmond warned that reported plans for a 3.9 per cent minimum wage rise, lifting the national living wage from £12.71 to about £13.20 an hour and the 18-21 rate from £10.85 to around £11.27, will put jobs at risk ahead of Chancellor John Healey's Budget.