Asda the latest company to hit out the government's NI increases

The supermarket says the NI change by Rachel Reeves will add £100m to its costs, while Serco says it will add £20mNovember 8, 2024 12:13 pm

Asda chairman Lord Stuart Rose told shareholders the increase in employer taxes is “a big burden for business to carry”. He added that the supermarket will do all it can not to pass extra costs on to consumers, but it is likely to result in rising costs at the supermarket in some form.announced that the employers’ NI rate will increase from 13.8 per cent to 15 per cent from next April, while the threshold at which firms begin to pay the tax has been reduced from £9,100 to £5,000.

Sainsbury’s chief executive Simon Roberts said: “I don’t think you can shy away from the fact that, because of the changes in everyone’s cost base, it is going to feed through into higher inflation.

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