Lobby group says shops have already had to put up prices and new increases would leave households struggling
Rachel Reeves has been warned by Britain’s biggest retailers that tax rises in her autumn budget could trigger higher shop prices, hitting household incomes and the economy.
With high street chains closing stores and cutting jobs, the British Retail Consortium (BRC) said two-thirds of finance directors predicted there would be further price increases over the next year, even before any rise in tax in the autumn budget.
