The letter expresses that, while acknowledging the government's fiscal improvements, the sheer scale and speed of new costs will inevitably lead to job losses and price hikes.
The British Retail Consortium stated, 'By adjusting the timings of some of these changes, the Government would give businesses time to adjust and greatly mitigate their harmful effects'.
A coalition of over 70 retailers warned of an imminent burden that will impact jobs and consumer prices significantly due to the recent national insurance tax hikes.
More than 70 businesses signed a letter highlighting that price hikes and job losses are an unavoidable certainty following the Chancellor's announcement of tax increases.
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