Sainsbury’s CEO urges government to avoid further business tax rises in upcoming Budget
Simon Roberts, chief executive of Sainsbury’s, met with government officials at No 11 Downing Street last week and urged Chancellor John Healey to avoid significant increases to business taxes and labour costs in next Wednesday’s autumn Budget. Roberts said the government is 'listening' to business and stressed the importance of not repeating previous Budget measures, particularly the impact of national insurance increases. He also called for business rates reform, support for hiring, and increased farming investment capacity. The comments came as Sainsbury’s reported a 4.1% rise in total revenues to £16.2 billion for the 28 weeks to 12 September and improved its profit outlook, citing stronger grocery sales volumes as price inflation slowed.
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