Britain’s biggest retailers have written to finance minister Rachel Reeves to warn her that last month’s budget will make both higher prices and job losses a certainty and dent investment.
The letter, coordinated by the British Retail Consortium trade body and signed by 79 retail bosses, including those at Tesco (TSCO.L), Marks & Spencer (MKS.L), Sainsbury’s (SBRY.L), Next (NXT.L), Asda, Morrisons, Kingfisher (KGF.L), Amazon UK and Boots, called for a