Retail firms have written to the chancellor to say they cannot manage rising costs and tax bills.

Britain's biggest retailers have written to finance minister Rachel Reeves to warn her that last month's budget will make both higher prices and job losses a certainty and dent investment. The letter,

UK retail bosses warn of ‘inevitable’ job losses, closures amid Budget changes - More than 70 businesses including Tesco, Asda and Sainsbury’s voiced their concerns in an open letter to Chancellor Rachel Reeves.