B&Q owner Kingfisher braces for £31m rise in tax bill next year

B&Q owner Kingfisher has said it expects to see its tax bill jump by about £31 million next year (Rui Vieira/PA) - (PA Wire)

B&Q owner Kingfisher has said it expects to see its tax bill increase by about £31 million next year due to plans unveiled in the Government’s Budget, as it narrowed its profit forecast for the year.

The DIY giant said consumer spending weakened as a result of uncertainty in the lead up to the autumn Budget statement in the UK.