Sainsbury’s boss: Budget-hit businesses will mean higher inflation for shoppers

Simon Roberts of Sainsbury’s says the ‘unexpected barrage of costs’ is likely to mean higher prices for shoppers - (PA)

Sainsbury’s has said shoppers will face higher prices as a result of the surprise tax changes announced in last week’s Budget, which will hit the retailer with an extra £140m 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.