Sainsbury’s expects challenging run-up to Christmas as households feel squeeze
Sainsbury’s CEO Simon Roberts has warned of a difficult Christmas trading period due to household financial pressure and rising business costs. The supermarket is urging the UK government to avoid tax hikes in the upcoming budget to protect business investment and food resilience.
Why it matters
The retail sector's outlook provides a key indicator of consumer health and the impact of government fiscal policy on the cost of living.
Sainsbury’s says it is ‘important this government does not repeat what we have seen in previous budgets’. Sainsbury’s says it is ‘important this government does not repeat what we have seen in previous budgets’. J Sainsbury Sainsbury’s expects challenging run-up to Christmas as households feel squeeze Supermarket urges government not to ‘further aggravate’ pressure on costs for businesses in next week’s budget
Prefer the Guardian on Google Sainsbury’s has warned of a “pretty challenging” market in the run-up to Christmas as households are “finding it tough” and food producers face rising costs.
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