🚨 Heads Up, Shoppers! 🚨 The UK’s major supermarkets are sounding the alarm on food costs 💷🚨 Bosses from Tesco, Asda, M&S, Sainsbury’s, Lidl, Aldi, Iceland, Morrisons, and Waitrose are urging the government to reconsider a hefty business rates surtax. They’re warning that new taxes might push up food prices even more 😟🔜 If the Chancellor doesn’t exempt large retailers from this surtax, it could mean bigger food bills for us all! Supermarket chiefs say they’re already feeling the squeeze with over £7 billion in extra costs this year alone.
The proposed surtax is part of a plan to provide discounts for smaller high-street shops but might leave the giants footing a massive bill. Large retail spaces, despite being few, pay a third of the entire retail sector’s business rates. Any further increase could mean bad news for our grocery budgets 🤯🔍 Next month’s autumn Budget statement will reveal all – fingers crossed for some relief! 🤞
Helen Dickinson from the British Retail Consortium is saying supermarkets are doing their best to keep food affordable, but it’s a real struggle. From national insurance hikes to new packaging taxes, the financial pressure is enormous. 💬 Let’s hope the government rethinks its approach and helps keep those food prices in check. What do you think could be done to ease the pressure? 🤔💬 Let us know your thoughts! 🛒🍏🥖 #FoodPrices #Supermarkets #BudgetTalks