Politics · United Kingdom · 2 hrs ago

UK retailers warn tax rises could raise prices and cost jobs

UK retailers warn tax rises could raise prices and cost jobs

John Healey is holding talks with industry leaders at Downing Street in the UK.

The discussions come as retailers face rising costs and fragile confidence.

The British Retail Consortium, which represents retailers, warned that further tax rises could push up prices and cost jobs.

The warning makes the upcoming Budget a critical test for the government.

Higher costs for retailers could be passed on to shoppers or lead businesses to cut jobs.

The talks are taking place as the government prepares its Budget; no outcome is stated.

Sources

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