The retailer says it had not planned for the full impact of recent changes to tax and other government policy.

By James Davey LONDON (Reuters) -British electricals retailer Currys added its voice to a chorus of corporate criticism of the new Labour government's tax rises on Thursday, saying price rises were inevitable,

Electricals retailer Currys has reported a mulit-million-pound hit from tax hikes included in Labour's budget.

The boss of Currys has said price rises will be “inevitable” as it prepares to face £32m in extra costs due to the autumn Budget.

Electricals retailer Currys said on Thursday that it swung back into the black in the first half, with a solid performance in the UK and Ireland helping to offset weakness in the Nordics.

Currys has warned that the Government's recent Budget measures could impact its business by as much as £32 million from next year. In its half year results announcement, the electricals and computing retailer said this will include a £9 million rise in wages due to National Living Wage increases,

Currys Plc warned that price increases are inevitable at the electronics retailer after the Labour government’s budget added £32 million ($40.9 million) to its costs.

LONDON (Reuters) -British electricals retailer Currys warned on Thursday that price rises were inevitable after the government's tax raising budget but still kept its forecast for annual profit growth.