Finance · 26 October 2025
Heads of UK Supermarkets Warn New Taxes May Drive Food Prices Higher
The bosses of Britain’s largest supermarkets, including Tesco, Asda, Sainsbury’s, and Morrisons, have urged Chancellor Rachel Reeves to reconsider planned tax hikes targeting large retail premises. In a letter facilitated by the British Retail Consortium, the executives cautioned that increased business rates could aggravate food price inflation, which is already a significant worry for UK households.
Reported by The Independent · How we write briefs