Britain’s four biggest grocers are likely to pay hundreds of millions of pounds more collectively if the Chancellor increases employer NICs by two percentage points in this week’s Budget.
Read the full article on the Sky News website
NAM Implications:
- It is unlikely (and unreasonable) to expect the mults to absorb this NI increase.
- i.e. shelf prices will rise accordingly.
- But fortunately, this will only affect workers that shop…
