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The Independent UK
The Independent UK
Business
Holly Williams

Halfords warns it may raise repair garage prices after £23m cost hit from Budget

Halfords said changes made in the Budget would send its wage bill soaring (PA) - (PA Wire)

Retailer Halfords has signalled it may look to raise repair garage prices as it warned that Budget measures will send its wage bill soaring by around £23 million.

The firm said the cost implications of next April’s rise in national insurance contributions (NICs) and the minimum wage increase were “particularly acute” given its workforce of more than 12,000, while it also said the impact of Budget moves on consumers was “unclear”.

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