Posted 11/28/2023, 5:00:00 AM
Retailers Warn Sunak Policies and Brexit Costs Could Extend UK Cost of Living Crisis
- Retailers warn Sunak's high taxes and Brexit red tape could prolong cost of living crisis by increasing business costs
- Shop price inflation eased to 4.3% in November, but retailers face challenges in 2023 from tax hikes and Brexit costs
- Business rates, national living wage increase, and post-Brexit import rules could all add costs passed onto consumers
- Retail sales volumes fell year-on-year in November for the 7th straight month, with disappointing holiday period expected
- Treasury defends policies as halving inflation this year and reducing it further in 2023 while boosting growth