Tax rises could push food prices higher, warn supermarkets

The bosses of the UK’s largest supermarkets warn the chancellor against imposing higher taxes on the industry.

Tax rises could push food prices higher, warn supermarkets

The bosses of the UK's largest supermarkets warn the chancellor against imposing higher taxes on the industry.

BBC News

The bosses of the UK’s largest supermarkets warn the chancellor that they won’t tolerate a drop in profits, so will pass higher taxes onto their customers.

Tesco made £3.1 billion profit in the last year.

foodmanufacture.co.uk/…/tesco-profits-top-3-billi…

Tesco profits top £3 billion

Tesco has reported an adjusted operating profit of £3.1 billion for the 12-month period ending 22 February 2025.

FoodManufacture.co.uk

Before : caputalism will generate new supermarkets with lower prices!

Today: capitalismn will generate new supermarkets with higher profits!