Grocers call for VAT cut to offset post-Brexit price rises

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Some of Britain’s biggest grocers have urged ministers to cut VAT in the event of a no-deal Brexit, to help them protect shoppers from price rises.

The plea was made by a number of food retailers yesterday during crunch talks with the Government’s top no deal planner, Michael Gove, and business secretary Andrea Leadsom.

According to The Daily Mail, senior representatives from Waitrose, Marks & Spencer and Amazon were among the businesses who called for tax changes to be prepared.

The retailers argued such a move would allow them to mitigate any price increases that could arise if Britain were to crash out of the EU without a deal on October 31.

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