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The owner of Toby Carvery, Harvester and All Bar One has announced prices hikes across its menus - as it warned of further cost pressures to come.

Mitchells & Butlers said it is braced to pay an additional £130 million of costs in the year ahead - up from the £100 million extra it paid in the past financial year, the Mirror reports .

This was largely following the April employer National Insurance and minimum wage hike , as well as higher food price inflation . The Government announced earlier this week that the minimum wage will jump by another 4.1% from April.

Phil Urban, chief executive of Mitchells & Butlers, said the additional £30 million cost it is expecting is largely being driven by a jump in beef and steak prices.

The group said steak prices had raced 30% h

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