UK high street bosses urge chancellor to cut cost of employing young people

Politics The Guardian By Sarah Butler and Richard Partington 13 Oct 2026 17:43 1 min read
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 UK’s 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 – including the boss of Marks & Spencer, Stuart Machin, and Sainsbury’s chief executive, Simon Roberts – about the

At the No 11 event on Tuesday morning, the chancellor heard from sector leaders – including the boss of Marks & Spencer, Stuart Machin, and Sainsbury’s chief executive, Simon Roberts – about the impact of the rise in employers’ national insurance contributions (Nics).

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