Supermarket chiefs warn Chancellor of rising inflation if shops are hit with higher business rates

grocery shopping prices receipt money cost of living inflation

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The chiefs of Aldi, Asda, JLP, Lidl, Morrisons, Sainsbury’s and Tesco are among 60 retail bosses to have signed the letter to Rachel Reeves

Retail bosses including the chiefs of several major supermarkets have written to the Chancellor warning of inflation if more taxes are heaped on the industry in the autumn budget.

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