High Street fashion giant warns prices will rise for shoppers after tax raid

A HIGH street fashion giant has warned that prices will rise as a result of Rachel Reeves’ tax raid.

Next anticipates a £67million increase in wage costs by January 2026 due to the planned rise in employer National Insurance contributions and the minimum wage, set to take effect in April.

ReutersThe British Retail Consortium has predicted that these changes will create a £2.3billion bill for the sector[/caption]

As a result, the retailer said it will need to push through...