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Evening Standard
Evening Standard
Business
Henry Saker-Clark

Businesses face billions of extra costs as wages and taxes to increase

United Kingdom Rachel Reeves RYAN
Three out of four recent pay deals are higher than a year ago, new research suggests (Alamy/PA) -

UK businesses are set to face a multibillion-pound wave of higher costs this week as higher wages and tax increases come into force.

Retail and hospitality bosses have warned that higher labour costs and taxes are set to push up prices for customers across the UK.

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