UK retailers to raise prices in response to budget tax hike, survey shows
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2025
0mins
Source: Reuters
Retail Price Increases: A survey indicates that two-thirds of British retailers plan to raise prices due to increased employer social security costs, with many also considering staff reductions and automation as a response to these financial pressures.
Economic Outlook: Retailers are pessimistic about trading conditions for the next year, forecasting significant shop price inflation, particularly in food, while expressing concerns over rising operational costs and the overall strength of the UK economy.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








