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The Independent UK

World

Josie Clarke

Half of UK retailers plan to cut workforce in 2025 - and even more will raise prices

BRC Budget Helen Dickinson National Insurance Rachel Reeves Insurance

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 per cent) 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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