Retailers Warn of Potential Price Hikes
Leaders from nine major supermarket chains have written to Chancellor Rachel Reeves, requesting that retail stores be exempt from the proposed business rates surtax.
The retailers, coordinated by the British Retail Consortium, argue that this exemption would help mitigate food inflation, support jobs, and encourage future investment in the sector.
- Additional costs for retailers in 2025 are expected to exceed £7 billion.
- These costs include higher National Insurance contributions, employment costs, and new packaging taxes.
The exemption would help tackle food inflation while supporting jobs and future investment.
Retailers are seeking government support to manage these increased costs and prevent potential price hikes for consumers.
Авторское резюме: Retailers warn of price hikes due to tax rises.More News
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