Belfast Telegraph

Greggs' tax fight no help for sales

Bakery chain Greggs' success in fighting off the unpopular pasty tax has failed to rub off on its sales figures.

Despite its profile being boosted by a 300,000-strong petition against plans to charge 20% VAT on its hot pasties and sausage rolls, the group's underlying sales were down 3.5% in the second quarter of 2012. The group has 1,600 shops in the UK.

Weekly Business Digest Newsletter

This week's business news headlines, directly to your inbox every Tuesday.