Top Stores Tell Rachel Reeves Her Budget Will Cause 'Inevitable' Job Losses And Higher Prices

Rachel Reeves on Budget day last month.

Some of Britain’s biggest businesses have warned Rachel Reeves that her Budget will lead to “inevitable” job losses and higher prices in the shops.

More than 70 retailers, including Greggs, Amazon UK, Tesco and Sainsbury’s, condemned the “sheer costs” associated with the chancellor’s decision to hike employers’ National Insurance.

It is estimated the move, which will see the NI rate increase and bring down the threshold at which it must be paid...