M&S, Sainsbury Face Price Hikes

This is a news story, published by Sky News, that relates primarily to Associated British Foods news.

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Food price increases

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price increases

Sky News

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Business

Business & Economics

Retail giants face food price hikes dilemma after budget

Summary

Nutrition label

74% Informative

M&S and J Sainsbury facing additional bill of close to 200 m as a result of changes to employers' national insurance contributions (NICs) The grocery industry is expected to be among the hardest-hit by the changes to employer NICs.

Primark's parent, Associated British Foods , will report results on Tuesday .

The retail sector could end up paying billions of pounds of additional tax.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive