BRC warns failure to act on business rates will add £400m ‘additional pressure’

Blurry photo of busy high street

The British Retail Consortium has welcomed falling inflation but warned the government risks adding £400m additional pressures on prices without business rates freeze.

The latest data from the Office for National Statistics showed that food inflation in July fell to its lowest level in almost a year to 14.8%, while clothing retailers mitigated unseasonably wetter weather by offering larger discounts for consumers.

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