UK Supermarkets Warn Business Rates Rise Could Push up Food Inflation

UK Supermarkets Warn Business Rates Rise Could Push up Food Inflation
UK supermarkets are warning that higher business taxes could push up food inflation Alamy/PA
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Bosses of the UK’s biggest supermarkets are urging the Chancellor to exempt shops from a new business rates surtax, warning that shoppers will bear the brunt of higher costs.

A letter, organised by industry group the British Retail Consortium (BRC) and addressed to Rachel Reeves, argues that limiting the tax burden on grocers would help tackle food inflation.