Price rises 'inevitable' at Currys after budget

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.

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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.

It said strong UK sales had helped to offset a modest decline in its business in Nordic countries. The group also revealed that it reduced its pre-tax loss for the half-year to £10m, from a £44m pre-tax loss a year earlier.