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 contributions, coupled with a change in the threshold, are likely to result in pressure on consumers. Mr Roberts said Sainsbury’s will see costs rise by £140m because of the changes, while costs will also be pushed higher by an increase in the national living wage. He said the “unexpected barrage of costs” will “feed into a higher level of inflation” for consumers.
Bu hikaye The Independent dergisinin November 08, 2024 sayısından alınmıştır.
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Bu hikaye The Independent dergisinin November 08, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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