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Evening Standard
Evening Standard
Business
Jonathan Prynn

Higher National Insurance costs and packaging tax send John Lewis deeper into the red

Losses at the department store and Waitrose supermarket group John Lewis deepened in the first half of the year as Britain’s best known partnership was hit by higher National Insurance costs and the new packaging tax.

The group made an operating loss of £34 million in the six months to June compared with a £5 million deficit last year. However employee owned JLP insisted the underlying loss was broadly unchanged from last year. At the pre-tax level the loss was £88 million, up from £30 million in 2024.

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