"There will be some delayed spending until all of the news of the next few weeks comes through."
"The inflationary pressures on cost base have been significant this year... what we don't want to see is further impacts that may cause further inflation."
"No-one wants to see inflation go any higher."
Autumn Budget tax increases would push food prices higher and intensify retailer cost pressures. Customers are cautious amid uncertainty over what Chancellor Rachel Reeves will announce on 26 November, leading to some delayed spending until the news settles. Retailers urge the Chancellor to avoid additional tax rises and cost burdens that could drive further inflation. Sainsbury's has already absorbed £140 million in extra costs from the employer national insurance increase. New packaging regulation has added tens of millions of pounds of regulatory costs. Inflationary pressures across the cost base have been significant this year, and further policy-driven cost increases risk pushing inflation higher.
Read at London Business News | Londonlovesbusiness.com
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