Tesco boss issues warning to Rachel Reeves over ‘what lies ahead’

Rachel Reeves begged by Tesco to not burden supermakets: 'Enough is enough'

Britain's largest supermarket chain has issued a warning to Chancellor Rachel Reeves about the potential impact of next month's Budget on food retailers if taxes are raised once again.Tesco's chief executive Ken Murphy has called on the Labour Government to avoid measures that would increase the burden on grocers, with many supermarket giants criticising the recent hikes to National Insurance and the National Living Wage.Mr Murphy said: "What we…

Tesco boss urges Reeves not to 'make it harder' for grocers to lower prices

The UK's largest supermarket said it was hoping the Autumn Budget would not put additional pressure on grocers that are already facing much steeper business costs.

Tesco boss issues warning to Rachel Reeves over ‘what lies ahead’

Tesco says household budgets are squeezed and shoppers are increasingly seeking out value

Tesco boss warns Reeves that 'enough's enough' ahead of Budget

Tesco boss Ken Murphy has warned Rachel Reeves that business will struggle to absorb more costs as fears rise of another tax raid in this Budget. UK retailers were hit by higher labour costs after an increase in the minimum wage and employer’s national insurance costs this April, after changes made at last October’s budget came into effect. Tesco, which employs more than 330,000 people in the UK, faces an annual hike in national insurance paymen…