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Evening Standard
Evening Standard
Business
Henry Saker-Clark

Sainsbury’s boss: Barrage of costs from Budget will lead to higher inflation

Sainsbury’s has said shoppers will face higher inflation as a result of shock tax changes from last week’s Budget, which will hit the retailer with an extra £140 million in costs.

The supermarket giant’s boss Simon Roberts said there is “already too much pressure in the pipe” for the retailer to swallow an unexpected cost rise without it affecting prices.

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