British Retailers' Confidence Plummets
Update: 2025-11-25
Description
British Retailers Confidence Plummets: Uncertainty Over Budget and Rising CostsThe mood among British retailers is at its lowest in seventeen years, with a significant drop in confidence, surpassing even the initial Covid-19 pandemic impact. Retailers brace for another government budget, fearing disruptions during the crucial holiday shopping season. Prominent figures like John Roberts and Thierry Garnier express frustration over government policies and rising costs, including national insurance contributions, minimum wage increases, and new packaging taxes. The industry faces further challenges with anticipated business rate hikes and changes to workers rights, making it difficult for businesses to plan for the future amidst weak demand and cautious household spending.
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