NICs increase will add £140m to wage bill of supermarket, which has announced 5% pay rise for staffBusiness live – latest updatesChanges to employers’ national insurance contributions announced in the government’s October budget will drive inflation, particularly on fresh food, according to the boss of Sainsbury’s as he announced a 5% pay rise for workers.“It is coming at us fast in a way that was unexpected and will bring inflation as a result,” Simon Roberts, the chief executive of Sainsbury’s, said of the unexpected changes to NICs, which will add £140m to the Sainsbury’s wage bill from April. Continue reading...
Wednesday 15 January 2025
.theguardian - 5 days ago
Budget tax changes will push up price of fresh food, says Sainsbury’s boss
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