As outlined in Rachel Reeves' first budget, Employers’ National Insurance Contributions will rise from 13.8% to 15% on a worker’s earnings above £175.
The changes to National Insurance Contributions is set to cost Sainsbury’s £140m.
The Sainsbury’s CEO explained: “When you think about the £140m in our business, I don’t think you can shy away from the fact that, because of the changes on everyone’s cost base, it is going to beat through into higher inflation.
You can read more in the Grocery Gazette and on SKY News.
