Measures announced in the budget will cost one of the UK's biggest supermarket chains £140m, its chief executive said. The rise in employer's national insurance contributions, announced by Chancellor Rachel Reeves in her budget last week, will cost Sainsbury's £140m from April, CEO Simon Roberts said.

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BBC News

United Kingdom

Sainsbury's and M&S warn Budget changes may push up prices

A number of major firms have warned over the impact of higher National Insurance costs.

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Britain’s second-largest supermarket firm said changes to national insurance rules will add £140m to its costs

The Independent

Evgeny Lebedev

London

Greater London

England

Sainsbury’s boss: Budget costs to businesses will lead to higher inflation

Supermarket boss says increased costs may be passed on to consumers

The Telegraph

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David and Frederick Barclay

Sainsbury’s warns of price rises after £140m ‘barrage’ of Budget costs

It's "too early to be specific" about the impact on Sainsbury's workforce but "difficult decisions" will have to be made in response to rising costs, its chief executive said.

Sky News UK

Roberts family

Higher employers' national insurance contributions to cost Sainsbury's £140m and cause inflation to rise - CEO Simon Roberts says

The supermarket giant is the latest business to warn that increases to company national insurance contributions and a change in the threshold is likely to result in pressure on consumers.

Kent Live News

Kent

Sainsbury's boss says barrage of costs from Labour government budget will lead to higher prices

Sainsbury’s chief Simon Roberts has given Labour both barrels over their move to hike employer National Insurance rates while still dragging their feet on crucial business rate reforms. Roberts said Sainsbury’s NI bill alone is set to rocket by £140 million next year—a “very significant” 50% increase.[…] Read the rest

Guido Fawkes

Sainsbury's Boss Warns of Budget "Barrage of Costs" to Hit Shoppers

Sainsbury's has said shoppers will face higher inflation as a result of shock tax changes from last week's Budget, which will hit the retailer with an extra £140 million in costs.The supermarket giant's boss Simon Roberts said there is "already too much pressure in the pipe" for the retailer to swallow an unexpected cost rise without it affecting prices.It has become the latest business to warn that increases to company national insurance contri…

upday

Sainsbury’s boss says food will become even more expensive

Measures announced in the budget will cost one of the UK’s biggest supermarket chains £140m, its chief executive said.  The rise in employer’s national insurance contributions, announced by Chancellor Rachel Reeves in her budget last week, will cost Sainsbury’s £140m from April, CEO Simon Roberts said. No price was put on the rise of the national minimum wage but Mr Roberts said the new measures would cause inflation – the rate of overall price …

khbrknews

Higher employers' national insurance contributions to cost Sainsbury's

Sainsbury’s boss Simon Roberts has ramped up pressure on Chancellor Rachel Reeves by warned customers will be hit by higher inflation because of extra costs, including the national insurance hike in the Budget     The boss of supermarket giant Sainsbury’s warned cost hikes in last week’s Budget would feed through to higher prices.  Chief executive Simon Roberts said Labour Chancellor Rachel Reeves’ announced jump in the rate of employers’ nation…

The Business Times

Sainsbury's boss warns 'barrage of costs' in Budget means it will be raising food prices

Marks & Spencer has cautioned that it cannot rule out raising prices after absorbing an additional £120 million in costs resulting from Chancellor Rachel Reeves’s national insurance (NI) changes and forthcoming wage increases. Chief executive Stuart Machin stated that the retailer would “do everything we can” to avoid passing these costs onto customers but acknowledged the company is confronting “pretty significant costs to mitigate against.” M&…

Higher employers' national insurance contributions to cost Sainsbury's £140m and cause inflation to rise - CEO Simon Roberts says

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