Retailer says festive sales were better than expected but UK growth is likely to slowBusiness live – latest updatesNext has said it will increase prices by 1% this year to help offset a £67m rise in wage costs driven by tax changes announced in the government’s autumn budget.The fashion and homewares retailer also said UK sales growth was likely to slow as the tax increases for employers and their potential impact on prices and the job market “begin to filter through into the economy”. Continue reading…
Source link : https://www.theguardian.com/business/2025/jan/07/next-prices-budget-tax-changes-uk-sales-growth
Author : Sarah Butler
Publish date : 2025-01-07 08:52:48
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Next to increase prices to help pay for budget tax changes
