Losses widen at John Lewis Partnership after Budget tax increases

Half-year losses grew at the John Lewis Partnership after being impacted by tax increases (Tony Buckingham/John Lewis/PA) - (PA Media)

The John Lewis Partnership (JLP) has posted an £88 million loss for the past half-year after being hit by increases to national insurance contributions and packaging taxes.

However, the employee-owned group, which runs the John Lewis department store chain and Waitrose grocery business, said it is still “well positioned” to deliver profit growth for the full year.