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Evening Standard

Holly Williams

AO World boss warns over price increases to offset £8m Budget blow

AO World Budget John Roberts Minimum Wage

The boss of online electricals retailer AO World has called on the next government to tap into the “tsunami of good will” among business leaders and engage with firms to help shape policies. (AO World/PA) -

The boss of online electricals retailer AO World has become the latest to warn over price rises to offset more than £8 million in extra wage costs due to Budget measures.

AO World estimates its wage bill will go up by around £4 million due to the increase in employers’ national insurance contributions (NICs) and about another £4 million with next April’s minimum wage rise.

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