The boss of Sainsbury’s today lashed out as Labour’s decision to hike employers’ National Insurance rates while delaying reform of business rates.
Chief executive Simon Roberts said the grocer’s NI bill will go up by £140 million next year and warned that the “barrage of costs” facing retailers was bound to feed through to higher prices. It follows a similar warning from Marks & Spencer yesterday which faces a £60 million hit when the new regime comes in next April.
