Retailers Warn Against Reeves' Tax Hikes, Threatening Price Rises and Job Cuts

Retailers Warn Against Reeves' Tax Hikes, Threatening Price Rises and Job Cuts

Leading UK retailers have issued a stark warning that any new tax hikes under a potential Labour government, as hinted by Shadow Chancellor Rachel Reeves, would inevitably force them to raise consumer prices and potentially cut jobs.
This concern comes amidst ongoing pressures from rising costs and a challenging retail environment.
The retail sector, a significant employer in the UK, is lobbying against measures that could further squeeze margins and impact consumer spending, signalling a potential clash with future economic policy.

Bullion Bonanza: Gold Price Hits Record Highs Amid Global Instability

Gold is on track for its strongest annual performance since 1979, with bullion hitting a series of record highs driven by high interest rates, inflation, and increasing geopolitical crises.

Morrisons Cuts Prices on 650 Products to Help Customers with Budgets

Morrisons announces significant price cuts across more than 650 products in its UK stores and online, with reductions averaging 18% to help customers manage household budgets.

Poundland Announces Store Closures Amid Restructuring

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Confidence in UK Services Sector Falls Amid Rising Costs

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UK Retailers' Shares Fall on Consumer Spending Squeeze Fears

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Angling Direct Reports Stronger-Than-Expected H1 Trading

Fishing tackle and equipment retailer Angling Direct has reported a stronger-than-expected first-half trading performance, boosted by a solid UK performance.

Revolution Beauty Warns of Lower EBITDA

Revolution Beauty has issued a profit warning, stating that its adjusted EBITDA will be lower than expected after a revision to its stock provisions.

London-Listed Revolution Beauty Warns of Lower-Than-Expected Profit

Revolution Beauty has issued a profit warning, stating that its adjusted EBITDA for the last financial year will be significantly lower than initially forecast.

Shein Looks at Moving Back to China for Hong Kong Listing

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Shein Considers Hong Kong Listing as London IPO Stalls

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Deutsche Bank Hikes JD Sports Price Target

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Asda 'Misfiring' in Supermarket Price War

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Lidl Nears Overtaking Morrisons as Fifth-Biggest UK Supermarket

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Lidl Nears Overtaking Morrisons as Fifth-Largest UK Supermarket

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Shein Chairman Says Firm 'Wants to be Listed Company'

The chairman of fast-fashion giant Shein has reiterated the company's desire to become a publicly listed company, even as its IPO plans face scrutiny.

UK's Biggest Toy Chain to Hand Ownership to Its Employees

The UK's largest independent toy retailer has announced plans to hand over ownership of the company to its employees.

M&S Click and Collect Returns Months After Cyberattack

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UK High Street Bookseller Waterstones Secures £125m in New Financing

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Parliament library: UK GDP brief summarises Q2 slowdown

A Commons Library briefing summarised Q2 GDP and sector drivers, aiding policy debate and investor understanding.

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Gambling Stocks Sink on Rumours of Potential UK Tax Rises

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Carlyle to Take Control of Very Group from Barclay Family

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UK Chancellor Considers Tax Rises for Autumn Budget

Reports suggest the UK Chancellor and Prime Minister are preparing the public for potential tax increases and reforms in the upcoming November budget to address a significant spending gap.

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