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Evening Standard
Evening Standard
Business
Jessica Coates

UK retail bosses warn of ‘inevitable’ job losses amid Budget changes

Budget Rachel Reeves Tesco Asda Sainsbury Insurance
A Tesco shop sign. - (PA Wire)

A group of Britain’s largest retailers has warned jobs will be lost and prices will rise due to the national insurance rise announced in October’s Budget.

More than 70 businesses including Tesco, Asda and Sainsbury’s voiced their concerns in an open letter to Chancellor Rachel Reeves, saying the changes mean price hikes are a “certainty”.

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