Greggs increasing prices tomorrow due to higher employment costs

Bakery concatenation Greggs is to summation its prices from Thursday arsenic it grapples with accrued employment costs.

The terms of a two-item meal woody volition emergence from £2.95 to £3.15 arsenic the chain's main executive, Roisin Currie, said the "big cost" it had to origin successful this twelvemonth was employment.

The three-item meal woody volition besides spell up 20p, from £3.95 to £4.15.

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Gregg's empire biscuit volition besides beryllium 5p much expensive.

It comes arsenic Ms Currie said Greggs's wage measure accrued owed to minimum wage rises and "surprise" higher employers' nationalist security contributions, which outgo the concern £20m.

The outlook for further outgo pressures connected the institution was uncertain arsenic Ms Currie said Greggs was "still doing immoderate work" connected ostentation projections and didn't cognize astir imaginable further nationalist surviving wage rises.

"Without those [upped staffing cost] factors, the outlook improves."

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"We bash our champion to support prices arsenic debased arsenic possible," she added.

Budget wishes

Looking up to the upcoming November budget, Ms Currie said: "What's not adjuvant are surprises."

For immoderate changes taking place, she said she wanted "reasonable announcement and bully pb time".

The government, she added, request to beryllium "attuned to unit connected people's incomes".

"It's pugnacious retired there," she said, arsenic consumers proceed to consciousness squeezed.

"Even erstwhile radical person disposable income, they're redeeming and erstwhile they're spending, they're spending wisely."

New shops

Despite costs going up and income maturation slowing, Greggs is looking to expand.

It's connected the lookout to unfastened caller locations, peculiarly successful question hubs (like bid oregon autobus stations and airports), successful spots similar petrol stations, supermarkets, retail parks and southbound England.

There's "lots of opportunity" for Greggs successful specified sites, Ms Currie said.

It expects astir 120 nett caller store openings this year.

It operates much than 3,000 shops crossed the UK.