Electronics retailer Currys warns of upcoming price increases

Currys, the renowned electronics retailer, has indicated that an adjustment of prices will be inevitable. The reason for this development is the recently passed budget by the British Labour government, which leads to a cost increase of a total of 32 million pounds, equivalent to approximately 40.9 million dollars. A significant portion of these additional costs, namely 12 million pounds, results from the increase in employer contributions to national insurance, as the company reported on Thursday. Furthermore, an increase in the minimum wage accounts for an additional 9 million pounds. Increased costs from outsourcing partners will also be passed on to Currys, resulting in an additional cost of 9 million pounds.