Retailers face 'perfect storm of additional costs' due to Budget with 300,000 jobs set to go by 2028 The Chancellor has been warned that retailers face a ‘perfect storm of additional costs’ due to the Budget with 300,000 jobs set to go by 2028.
The findings underline the scale of the crisis facing the High Street even before the industry is hit with increased national insurance bills, a sharp rise in the minimum wage and higher business rates.
Jobs threat: Seven of Britain's biggest chains have united to tell Rachel Reeves her tax hikes will lead to even more devastating High Street closures and job losses.
Confederation of British Industry chief executive Rain Newton-Smith warned businesses are ‘seriously flagging under the fiscal burden it had to shoulder at the Budget’ and called for ‘decisive action’ that must include ‘fixing our punishing business rates system – fast’.
Seven of Britain’s biggest chains have united to tell Rachel Reeves her tax hikes will lead to even more devastating High Street closures and job losses.
