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The Independent UK

National

Howard Mustoe

New Budget blow for Starmer as retailers warn of price hikes and job cuts

Budget Rachel Reeves Insurance BRC Helen Dickinson Sir Keir Starmer KPMG

Keir Starmer faces a fresh Budget headache as retailers warn of higher prices and job cuts following disappointing sales in the crucial Christmas “golden quarter”.

The British Retail Consortium and global accounting firm KPMG said costs are projected to eclipse sales growth this year, forcing traders to pass higher prices onto consumers.

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One subscription that gives you access to news from hundreds of sites

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