Greggs boss warns of price rises after Budget blow following major supermarkets
GREGGS will raise the price of its bakery goods because of raised National Insurance contributions and rises in minimum wage
The chief of the no-frills chain said the measures the government rolled out in the autumn budget would put pressure on prices.
Boss Roisin Currie said that customers could expect to see the cost of a sausage roll or other baked goods rise by “pennies”.
On average Greggs customers spend £4 at its stores and this is forecast to rise marginally.
The October 30 budget saw employers’ National Insurance contributions raised and also lowered the threshold for when firms start paying.
The chain also bumped prices back in June to help cover rising costs.
It comes after a number of supermarkets warned hikes to National Insurance contributions could lead shoppers to pay more at the till.
Lidl chief Ryan McDonnell previously told The Sun the move has left the bargain supermarket dealing with “tens of millions of pounds” in extra costs.