View Image

Sainsbury’s has begged Rachel Reeves not to fuel inflation with tax rises on retailers. The boss of Sainsbury’s has urged Labour Party Chancellor Ms Reeves not to fuel inflation with tax rises on retailers and their suppliers.

Sainsbury's chief Simon Roberts says shoppers are delaying spending in the lead-up to her budget later this month. Roberts said: “The inflationary pressures on cost base have been significant this year … What we don’t want to see [in the budget] is further impacts that may cause further inflation.

“No one wants to see inflation go any higher.” And Roberts said his customers were “going to be cautious on discretionary spending, not least because of uncertainty out there and [household] budgets are tight”.

READ MORE Drivers warned car tax perk will be

See Full Page