Currys says price rises ‘inevitable’ as it faces £32m profits hit from budget

Electronics retailer says national insurance increase will add costs and depress investment and hiring

Currys said price rises were inevitable" as it told shareholders that it expected to face 32m in extra costs due to policies from the budget.

The electronics retailer, which runs 715 stores, revealed that group revenues increased by 1% to 3.92bn for the half-year to 26 October, compared with the same period a year earlier.