British Retail Consortium warns Reeves of ‘inevitable’ job losses and price rises due to Budget
The British Retail Consortium has written to chancellor Rachel Reeves warning that her national insurance raid in the recent Budget will inevitably lead to job losses in the sector and an increase of prices for consumers.
The draft letter, first seen by Sky News, says changes to national insurance set out by Labour last month will add some £2.5bn to the retail industry’s annual tax bill, stoking inflation and costing jobs as a result.
Already have an account? Sign in here