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Business rates hike would drive up food prices, chancellor told

  • The Chancellor is expected to change the business rates system, increasing tax bills for department stores and supermarkets.
  • Ken Murphy, Tesco CEO, stated that the tax hike would increase pressure on struggling high streets and town centres.
  • Simon Roberts, Sainsbury's CEO, warned that the changes to business rates would cause large companies to withdraw from high streets.
  • The British Chambers of Commerce reported that businesses are being negatively impacted by taxes, which is affecting jobs and growth.
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The Telegraph broke the news in London, United Kingdom on Saturday, July 19, 2025.
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