UK high street bosses urge chancellor to cut cost of employing young people
Retailers call on John Healey to raise national insurance contributions threshold in his first budget
Some of the UKβs biggest retailers and hospitality businesses, including Tesco, Costa Coffee and the Co-op, have met John Healey to urge him to cut the cost of employing young people in his first budget.
At the No 11 event on Tuesday morning, the chancellor heard from sector leaders β including the boss of Marks & Spencer, Stuart Machin, and Sainsburyβs chief executive, Simon Roberts β about the impact of the rise in employersβ national insurance contributions (Nics).
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Β© Photograph: Martin Lee/Alamy

Β© Photograph: Martin Lee/Alamy

Β© Photograph: Martin Lee/Alamy