UK retailers warn of price hikes in 2025 as £7bn cost surge looms

UK retailers are bracing for a significant cost increase in 2025, estimated at £7bn, due to higher employer national insurance contributions, the rise in the national living wage, and new packaging levies introduced in the government’s recent budget. The British Retail Consortium (BRC) and industry leaders have estimated an average 4.2% rise in food prices […]