Tax Hikes Could Push Food Prices Higher, Warn Supermarkets
Автор: The Open Mindset
Загружено: 2025-10-25
Просмотров: 6
Описание: Supermarket bosses have warned that higher taxes could lead to increased food prices for households. The UK's largest grocers, including Tesco, Asda, Sainsbury's, and Morrisons, have signed a letter to Chancellor Rachel Reeves, expressing concerns about potential tax increases such as higher business rates. They argue that these taxes would challenge their ability to offer value to customers and could lead to higher food prices. The letter comes ahead of the Autumn Budget, where speculation grows over tax and spending policies. The Treasury has acknowledged tackling food price inflation as a priority, but the industry faces challenges due to rising costs, poor harvests, and global trade tensions.
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