Supermarkets tell Reeves tax rises could push food prices higher

Households would ‘inevitably feel the impact’ of a surtax on business rates, say retailers in letter to the chancellorFood prices in the UK could climb even further if the chancellor raises taxes on supermarkets at the next budget, the industry has warned.Supermarket bosses, including those at Tesco, Asda, Sainsbury’s and Morrisons, have said in a letter to Rachel Reeves that households would “inevitably feel the impact” of potential tax rises on the sector. Continue reading...