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Evening Standard

Josie Clarke

Two thirds of leading retailers warn Budget will force them to hike prices

BRC Budget Helen Dickinson National Insurance Rachel Reeves Insurance

Shoppers on Oxford Street, London, during the Boxing Day sales (Jordan Pettitt/PA) - (PA Wire)

Two thirds of leading retailers warned they will be forced to hike prices to cope with the increase to National Insurance costs amid mounting pressure on the Chancellor.

Two thirds (67%) of 52 chief financial officers surveyed for the British Retail Consortium (BRC) said they would raise prices in response to increases in employers’ National Insurance Contributions from April.

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