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Rachel Reeves' 'tax on jobs' is about to see prices surge at supermarkets


Published on 2024-11-30 12:30:31 - Brian Stokes, N@N
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  • EXPERTS have called on the Labour Government to step back from an "assault on business" which they warn will lead to higher prices, lower wages and fewer jobs. Chancellor Rachel Reeves's plans to hike up National Insurance contributions on employers will go before MPs on Tuesday and leading voices are calling for an urgent u-turn.

The article from Express.co.uk discusses the potential impact of a new tax on jobs, specifically targeting large supermarkets, which could lead to an increase in food prices. The proposed tax, aimed at reducing the number of low-paid, insecure jobs, would affect major retailers like Tesco, Sainsbury's, and Asda. Critics argue that this tax might force supermarkets to raise prices to cover the additional costs, thereby passing the burden onto consumers. This comes at a time when shoppers are already facing high food inflation. The article also mentions that the tax could lead to reduced investment in automation and technology, potentially stunting innovation in the retail sector. However, supporters of the tax believe it would encourage better employment practices and fairer wages, potentially benefiting workers in the long term despite the immediate economic pressures.

Read the Full Daily Express Article at:
[ https://www.express.co.uk/news/politics/1982930/tax-on-jobs-supermarket-prices ]