Increase in minimum wage little consolation if food prices soar
In isolation, an extra 5p on the price of a sausage roll does not sound like major cause for concern.
Published
But the fact that Greggs is the latest in a whole raft of retailers warning that their prices will increase as a direct result of the Budget is cause for concern indeed.
Greggs’ chief executive Roisin Currie said the business faced a bigger expenses bill this year as a result of an increase to the minimum wage and an increase to the rate of employer national insurance.