They wrote a polite letter to the chancellor voicing their "significant concerns" over "the sheer scale" of budget measures that, they say, will push up their industry's costs by £7bn next year and "make job losses inevitable and higher prices a certainty". Some 81 firms signed, including all the FTSE 100 crew - Tesco, Sainsbury's, Next, Marks & Spencer, the B&Q owner Kingfisher, JD Sports and the AB Foods-owned Primark.
This display of unity will irritate the Treasury but, almost certainly, will not cause Rachel Reeves to rethink her plans.
The chancellor has already told lirms how to deal with the rise in employer national insurance contributions (NICs), the most contentious measure and one which comprises £2.33bn of the £7bn. They should absorb it through "lower profits or perhaps through lower wage growth," she has said.
هذه القصة مأخوذة من طبعة November 20, 2024 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة November 20, 2024 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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