Food inflation will rise and remain above 5% well into next year if the retail industry is hit by further tax rises at the autumn Budget, leaders have warned.
The British Retail Consortium (BRC) said it is concerned that around 4,000 large shops could see their business rates rise if they are included in the Government’s new surtax for properties with a rateable value over £500,000, and that could lead to price rises for consumers.
