Labour has been warned by some of the UK’s biggest retailers that shop closures, job losses and price rises may all be “inevitable” due to changes made in the October Budget.
In a letter to chancellor Rachel Reeves, more than 70 companies including Tesco, Sainsbury’s, Asda and Marks & Spencer warn that the “sheer scale” of rising business costs will have a “harmful effect” on customers and the high street.
