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Daily Mirror
Daily Mirror
Business
Graham Hiscott

Asda boss warns shop prices will rise IMMEDIATELY in wake of mini-Budget shambles

A Tory peer has admitted households face a “very, very unpleasant” time ahead as he slammed Kwasi Kwarteng’s mini-Budget shambles.

Lord Rose, former boss of Marks & Spencer and now chairman of Asda, criticised the Chancellor for ditching the 45p rate of tax for the rich.

And he warned some shop prices would rise “immediately” because of the plunge in the pound.

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