More than 30 retailers warn of price hikes in blow to shoppers amid Budget tax raid fallout
TWO-THIRDS of leading retailers have warned that they will be forced to push up prices to cope with the increase to National Insurance costs announced in the Budget.
Around 35 of 52 chief financial officers (CFOs) surveyed by the British Retail Consortium said they would raise prices in response to the cost increase.
PARetailers have warned that they will be forced to push up prices[/caption]From April 6, 2025, Employer National Insurance rates will rise by 1.2% to 15%.
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