Tesco Budget tax hit seen at £250mln after Asda latest to flag price hikes - analyst
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Shore Capital analysts predict Tesco PLC will face a £250 million increase in costs due to tax hikes in the recent Budget, following Asda's warning of price hikes.
November 11, 2024 | 11:30 am
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Tesco PLC is expected to face a £250 million increase in costs due to recent tax hikes, as forecasted by Shore Capital analysts.
The increase in employer national insurance contributions and the lower threshold for these payments will directly impact Tesco's costs, leading to a potential negative effect on its stock price.
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