Tax rises could push food prices higher, warn supermarkets
NegativeFinancial Markets

The leaders of the UK's largest supermarkets are raising alarms about potential tax increases that could lead to higher food prices. They are urging the chancellor to reconsider these tax hikes, emphasizing that such measures could burden consumers and exacerbate the cost of living crisis. This situation is significant as it highlights the ongoing tension between government fiscal policies and the retail sector's ability to keep prices stable for everyday consumers.
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