JD Sports and Fullers warn of price rises due to Budget

Quick Summary:

Chancellor Rachel Reeves has said firms will have to absorb higher taxes through their profits.

Prices in shops and pubs will rise as a result of tax rises on businesses announced in the Budget, two bosses have warned.

Higher drinks prices could show in as little as six months, added Simon Emeny, the boss of Fullers, which owns about 400 pubs and hotels.

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Article Details

Category: Business

Markets: United Kingdom

Topics: Time Year Boss Added National Doesn’t Prices Businesses Budget Higginson

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 11:41:25 (19 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 719 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23570176

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

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Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 8 hours ago

Coverage Areas: United Kingdom

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