New figures from the Office for National Statistics show retail sales rose by 0.6% in July following a contraction of 0.6% in the three months prior. Winter is coming…
The British Retail Consortium warns the Winter Budget could be devastating:
“Unfortunately, this level of sales growth makes little dent on the £7 billion of new costs that retailers are having to shoulder following last year’s Budget. With a date now sent for the next Budget, government must ensure that no additional tax is levied on retailers, or else many will be forced to make difficult decisions around raising prices, store closures, and jobs.”
The Winter Budget is timed to hit the Christmas markets. Ho ho, oh no…
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