Henry Saker-Clark

Asda is to cut 475 head office jobs at its head offices - one of which is near Lutterworth.

The UK’s second largest supermarket firm said changes to national insurance rules will lead to a £140 million cost increase.

The FTSE 100 firm reported that group revenues increased 8% to £302.5 million for the latest half-year.

Sainsbury’s has said shoppers will face higher inflation as a result of shock tax changes from last week’s Budget, which will hit the retailer with an extra £140 million in costs.

It came amid reports that Tesco is the latest high street giant to face a huge increase in its national insurance bill.

'I think it’s a mistake because it’s a tax on jobs, a tax on work, it’s a regressive tax because it will hit low earners, and for labour-intensive businesses like hospitality or retail it’s enormously discouraging'

By Henry Saker-Clark - Nov 12, 2024 It came amid reports that Tesco is the latest high street giant to face a huge increase in its national insurance bill.

Match of the Day presenter Gary Lineker has confirmed he will step down from the long-running football show at the end of the season.

The deal will secure the future of Curzon's 16 sites, its film distribution company and online streaming service, and more than 350 jobs

The deal will secure the future of Curzon's 16 sites, its film distribution company and online streaming service, and more than 350 jobs