Currys has warned they will hire less staff, and they are facing an extra £32 million in wage costs amid the Chancellor’s Autumn Budget.
Currys has said it is “inevitable” prices will soar as the Budget will increase employers’ national insurance contributions and the minimum wage from April.
Chief executive Alex Baldock said, “What we’re looking at, at the minute, is a period of reduced hiring.
“What we want to be able to do is employ more people.”
Baldock has urged the government to think about phasing in the employers increases, this will help to ease cashflow to help soften the blow.
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