More than 70 businesses, including Greggs, Amazon, Boots, Lidl and Primark, have voiced their concern to Chancellor Rachel Reeves. They stated that the change means price hikes are a certainty and job losses are inevitable.
The sheer scale of new costs and the speed with which they occur create a cumulative burden that will make job losses inevitable, and higher prices a certainty.
The group said they would welcome the chance to meet with Ms Reeves, recommending changes such as phasing the introduction of the National Insurance lower earnings threshold and delaying timelines for packing levy implementations.
By adjusting the timings of some of these changes, the Government would give businesses time to adjust and greatly mitigate their harmful effects on high streets and consumers.
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