Retailers warn chancellor that prices will rise if more tax is imposed in autumn Budget
Over 60 of the UK’s largest retailers have written a letter to chancellor Rachel Reeves warning her that prices will rise if additional tax hikes are introduced in the upcoming autumn Budget.
The retailers, part of the BRC, say that in a period of high inflation and a cost of living crisis they have done everything to “shield our customers from the worst inflationary pressures,” but it is becoming more challenging to “absorb” the cost.
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