Wednesday, 14 October 2026 Updated 13 min ago
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UK high street bosses urge chancellor to cut cost of employing young people

Retailers call on John Healey to reduce national insurance contributions threshold in his first budget Some of the UK’s biggest retailers and hospitality…

Image accompanying the story: UK high street bosses urge chancellor to cut cost of employing young people
Image: Photograph: Martin Lee/Alamy · via The Guardian

The Guardian reports: Retailers call on John Healey to reduce 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.

This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include UK, John Healey and Tesco.

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Key details

Location
United Kingdom · Europe
Reported by
The Guardian
First reported
Key names
UK, John Healey, Tesco, Costa Coffee
Section
Business
Figure cited
At the No 11 event on Tuesday morning, the chancellor heard from sector leaders – including the boss of M&S, Stuart Machin, and Sainsbury’s chief executive, Simon Roberts – about the impact of the rise in employers’ national insurance contributions (Nics). (The Guardian)

Sources

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Read the full story at The Guardian

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