M&S vows to constrain price rises after Budget hit but warns task ‘not easy’

Christmas sales surged at M&S, driven largely by its food division (PA) - (PA Wire)

The boss of Marks & Spencer has insisted he will pass on “as little as possible” in costs to customers, but that mitigating rising employment taxes will not be easy.

M&S, which has already revealed it will be facing a £120 million hit to its wage bill from recent Budget measures, said it would look to hold prices “as much as we can”, though the retailer said it was having to look across the business to find ways to offset the impact.