Labour Party

UK Retailers To Raise Prices In Response To Budget Tax Hike – BRC Survey

Two-thirds of British retailers will raise prices this year in response to higher costs, a survey by the BRC showed on Wednesday.

Britain’s big retailers say they are improving efficiency through automation and to limit the impact of rising costs on shop prices.

Britain's Sainsbury’s is on track to deliver full-year profit growth of around 7%, the retailer said on Friday.

Marks & Spencer saw a strong trading period over Christmas, though its outlook for 2025 remained cautious, the company said on Thursday.

Tesco has reported its biggest Christmas, winning market share from rivals to reach its highest level since January 2016.

Black Friday spending helped lift retail sales in late 2024, the British Retail Consortium said on Tuesday.

Aldi UK said on Monday that its sales increased by 3.4% in the four weeks to 24 December year-on-year to top £1.6 billion.

British shoppers could see food prices could increase by up to 4.9% in 2025 according to the Institute of Grocery Distribution (IGD).

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