Tag: sainsburys
Budget tax changes will push up price of fresh food, says Sainsbury’s boss
NICs increase will add £140m to wage bill of supermarket, which has announced 5% pay rise for staff Changes to employers’ national insurance contributions announced in the government’s October budget will drive inflation, particularly on fresh food, according to the boss of Sainsbury’s as he announced a 5% pay rise for workers. “It is coming…
Sainsbury’s to raise pay to £12.60 an hour due to ‘tough’ inflation
Sainsbury’s has said it will raise hourly pay though it is cautious about recruiting new staff this year due to rising costs. The supermarket chain said wages would rise 5% to £12.60 but it will be introduced in two phases “to help manage a particularly tough cost inflation environment”. Sainsbury’s expects costs to jump due…