RE: Budget.7 Nov 2024 13:25
The British Retail Consortium have warned that rising costs announced in new Budget will harm investment and growth.
"The BRC warned that these rises may negatively impact investment plans and economic growth within the sector, adding that they come on top of other upcoming regulatory costs for retailers and an estimated ÂŁ300-800m of extra costs following the Employment Rights Bill.
Reacting to the budget, Helen Dickinson, CEO of the BRC, warned that the budget will “hit hard, with the odds now stacked firmly against growth and investment in the short term”. She added that these new costs could also lead to higher prices that customers pay at the till."