News Formal

£500mn and counting: companies reckon with UK Budget costs

  • 📰 ftenergy
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Sainsbury’s, BT and Wetherspoons among those warning that changes may force price rises for customers

Several of Britain’s largest employers will have to fork out more than half a billion pounds in extra costs after last week’s Budget measures, with customers facing higher prices as a result.

Meanwhile, BT chief executive Allison Kirkby described the group’s near-£100mn rise in costs as “just a new inflationary pressure that we need to suffer in our business”, estimating that changes to NI made up about 70 to 75 per cent of the total figure and the increase in the minimum wage the remainder.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mubadala eyes investment in UK data firm 9fin at $500mn valuationDeal by Abu Dhabi state fund would be latest in a string of high-profile investments in market data providers
Source: FT - 🏆 113. / 51 Read more »