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Two thirds of retailers to raise prices after Budget tax hike
UK inflation fell to 2.5% in December, however two-thirds of retailers surveyed by British Retail Consortium are planning to raise prices in response to increased national insurance costs.
British Retailers Plan To Raise Prices In 2025: BRC
UK retailers plan to increase prices this year in response to increased National Insurance costs, according to a survey of Chief
Retail CFOs predict price hikes after UK national insurance rise
The British Retail Consortium UK CFO survey found that 70% of respondents were "pessimistic" or "very pessimistic" about trading conditions for the next 12 months. Only 13% said they were "optimistic" or "very optimistic".
U.K. Retailers Seek Price Hikes to Counter National Insurance Increase, Survey Shows
U.K. retailers are expecting a bleak 2025 and most of them plan to raise prices in the wake of cost increases related to the national insurance contributions this year, a report showed.
3h
Two thirds of retailers to hike prices because of Rachel Reeves’ budget, industry warns
Two thirds of the nation’s top retailers have warned they will have to raise prices to cope with rising tax bills triggered ...
1h
NI increase will force retailers to increase prices
The British Retail Consortium has found that retailers have significant concerns about the outlook for trading conditions ...
1d
on MSN
JD Sports: Retail giant warns on profit after poor Christmas
JD Sports has cut its full year profit guidance after revenue fell during the all-important Golden Quarter. The FTSE-100 ...
5d
UK retail chains begin cull with more than 200,000 job losses predicted in 2025
The Centre for Retail Research estimate around 170,000 jobs were lost in the UK’s retail sector in 2024. This was the highest ...
8d
on MSN
British Shoppers Splash Out for Christmas But 2024 Growth Was Limited
A surge in Christmas holiday spending wasn’t enough to rescue U.K. retailers from anemic growth for 2024 as a whole, with ...
The Bookseller
7d
Christmas fails to save 2024 trading, according to British Retail Consortium report
The British Retail Consortium (BRC) has revealed that 2024's so-called "Golden Quarter" failed to save trading in 2024.
GlobalData on MSN
11d
2024 UK retail footfall drops as customer habits shift
December's drop in consumer presence across UK retail venues made 2024 the second year retail foot traffic declined overall.
10h
on MSN
Rachel Reeves tax bombshell means higher prices for shoppers and high street closures
Retailers have been hit by a triple whammy with National Insurance increases announced in Ms Reeves’ first Budget as ...
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