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UK’s Sainsbury’s warns that budget tax hikes will fuel inflation
The boss of British supermarket Sainsbury’s (SBRY.L), opens new tab said changes to national insurance made by the government in last week’s budget will add 140 million pounds ($181 million) to its tax bill next year and warned the move would be inflationary.
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Sainsbury’s to buy 10 Homebase stores and convert them into big supermarkets
First shop in £130m investment to open next summer as questions raised over DIY chain’s future
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