Retail firms have written to the chancellor to say they cannot manage rising costs and tax bills.

Labour has been warned by some of the UK’s biggest retailers that shop closures, job losses and price rises may all be “inevitable” due to changes made in the October Budget. In a letter to chancellor Rachel Reeves,

The Bank of England governor has said industry lobby group the British Retail Consortium (BRC) was right to warn of job losses as a result of the budget.

Higher prices certain and job losses inevitable after budget, retail chiefs say Watch Business Live as dozens of retail bosses have signed a letter to the chancellor warning of dire consequences for the economy and jobs if she pushes ahead with budget plans which,

Major UK retailers, including Tesco, Amazon, and Sainsbury's, have sounded a dire warning about the potential fallout from the Labour government's upcoming National Insurance Contributions (NICs) increase.

Britain’s biggest retailers have warned the Chancellor that jobs will be cut and prices will have to rise as they face a more-than-£7 billion hit from Budget tax increases. More than 70 businesses, including Tesco,