00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and here are your headlines for today.
00:06The retail giant Next has warned over slowing sales growth in 2025 and said it will need to increase prices due to the impact of the budget.
00:17Next said it is facing a £67 million surge in its wage costs in the year to January 2026
00:25after the government announced plans to increase employer national insurance contributions and the minimum wage from April.
00:33Next said it will need to push through an unwelcome 1% rise in prices as part of efforts to help offset this impact.
00:41So an update this morning from Next which is warning over slowing sales growth in 2025 and it will also need to increase prices.
00:49My name's Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.
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