Sainsbury’s expects challenging run-up to Christmas as households feel squeeze
Source: The Guardian ·
Supermarket urges government not to ‘further aggravate’ pressure on costs for businesses in next week’s budgetSainsbury’s has warned of a “pretty challenging” market in the run-up to Christmas as households are “finding it tough” and food producers face rising costs.Simon Roberts, the chief executive of the UK’s second biggest supermarket, called on the government not to “further aggravate”…
From the source
Sainsbury’s has warned of a “pretty challenging” market in the run-up to Christmas as households are “finding it tough” and food producers face rising costs. Simon Roberts, the chief executive of the UK’s second biggest supermarket, called on the government not to “further aggravate” pressure on costs for business in this month’s budget. He said it was “important this government does not repeat what we have seen in previous budgets” in raising business rates and employers’ national insurance contributions. “That’s been really hard,” he said. After Sainsbury’s and other industry leaders met government ministers last week, Roberts said he believed “this government is really listening to business” especially on helping to create more jobs for young people. Roberts added that food inflation was not “anything like” some of the high levels forecast earlier in the year but suggested high energy and fertiliser costs could push up food prices next year. Roberts said that in a more unsettled…
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