Sainsbury’s boss warns Budget tax hikes could send food prices higher

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Supermarket boss warns of skyrocketing food prices if Reeves raises taxes

Sainsbury’s CEO Simon Roberts says shoppers are being ‘cautious’ ahead of the Budget

Sainsbury’s boss warns Budget tax hikes could send food prices higher

Chief executive Simon Roberts said the sector has already been hit with higher taxes and costs which have fuelled inflation.

Sainsbury’s joins industry calls to stop tax hikes amid inflation fears - InternetRetailing

Sainsbury’s boss Simon Roberts has added his voice to those of other retail industry leaders urging Chancellor Rachel Reeves not to increase taxes on retailers and their suppliers in the Autumn Budget, warning that this could lead to food price inflation. CEO Roberts said that shoppers are being “cautious” ahead of the Budget on 26 November. He said: “What we don’t want to see is further impacts that may cause further inflation. No one wants to …

Budget tax hikes could see food prices soar, major supermarket boss warns – UK Times

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Tax hikes in the Budget could push soaring food prices even higher, the chief executive of Sainsbury’s has warned. Simon Roberts said that customers were already holding back spending ahead of this month’s announcement, days after Rachel Reeves laid the ground to…