Warning retail job cuts ‘inevitable’ after NI tax rise in Budget

High Street retailers in the UK, including Tesco, Amazon, and Next, warn of job losses, price hikes, and store closures due to tax increases in the Budget and rising costs. The Treasury defends the measures as necessary for the country’s foundation, but businesses fear the cumulative burden could lead to inevitable job losses and higher prices. The retailers call for phasing in the NI changes, delaying the EPR start, and reducing business rates to alleviate the £7bn cost increase next year.

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