Next blames clothes price rises on Budget wage costs

Quick Summary:

She also confirmed that the National Living Wage would increase from £11.44 to £12.21 an hour, again from April.

He said retailers had seen "successive waves of disruption" and rising costs would "really squeeze margins".

But it said it said UK growth "is likely to slow, as employer tax increases, and their potential impact on prices and employment, begin to filter through into the economy".

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Article Details

Category: Business

Markets: United Kingdom

Topics: Announced Year Insurance Costs National Prices Items Wage Budget Increase

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-07 @ 12:12:51 (3 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 574 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © BBC Business

News ID: 25047422

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Official Website: bbc.co.uk

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Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

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