Currys says price rises ‘inevitable’ as chain faces £32m in extra costs due to Budget

Yorkshire Post

The boss of Currys has said price rises will be “inevitable” as it prepares to face £32 million in extra costs due to the autumn Budget. Alex Baldock, group chief executive of the electronics chain, also warned that policies announced by the Chancellor in October will “depress investment and hiring” plans.

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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.

00:07The boss of Curries has said price increases will be inevitable as it prepares to face

00:14£32 million in extra costs due to the budget. Alex Bollock, who is Group Chief Executive

00:22of the chain, also warned that policies announced by the Chancellor in October will depress

00:28investment and hiring plans. It's the latest business to indicate that some shoppers will

00:35see a knock-on effect from increases to business national insurance contributions and an increase

00:41in the minimum wage. My name's Greg Wright. I'm the Deputy Business Editor of the Yorkshire

00:47Post.

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