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Currys says national insurance change has caused period of ‘depressed hiring’

Electrical goods chain also says it intends to bring in more automation, despite market ‘perking up’ over Christmas

Currys has announced it is to bring in more automation and that it is entering a period of “depressed hiring” after changes to employers’ national insurance, though it said the consumer environment “perked up” over the festive period with shoppers snapping up coffee machines and AI-enabled laptops.

The electrical goods retailer said it would pay dividends to shareholders for the first time in two years after underlying sales rose 2% in the UK and Ireland and 1% in its Nordic stores. Both arms have not grown at the same time since 2021.

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