Data: How costs will increase for retailers in the new financial year
This week marks the start of the new financial year for many and the coming into force of the big whammy of cost rises the retail sector has been dreading for months
To recap, there are changes to National Insurance with rates increasing and the earnings threshold at which employers become liable to pay lowering, too. Both the national minimum wage and national living wage are increasing, all adding to retailers’ staff bills.
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