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The boss of Britain’s Greggs has pledged that its expansion plans will not be derailed by the new Labour government’s tax raising budget.

Greggs CEO Roisin Currie has told Reuters said that although she supported higher wages, changes to tax thresholds were an unwelcome surprise.

“Our shop growth plan, our supply chain investment, none of that changes. We are still absolutely going for growth.”

“Overall trading in the third quarter was resilient. Improved performance in August and September was offset by the impact of increased consumer uncertainty in the UK and France in October, related to government budgets in both countries.