Consumers Face £1.6 Billion in Price Rises After Chancellor’s ‘Tax Horror Week’

Next week is ‘tax horror week’ as Reeves’ budget measures, including the hike in NICs, change in business rates and increase in minimum wage, come into effect. Businesses have been bracing for the raid by slashing jobs and shutting up shop in recent months…

New data from Retail Economics reveals that retailers across the UK face £5.56 billion in extra costs thanks to Reeves’ tax raid.[…] Read the rest