Shoppers face supermarket price hikes, warns Lidl boss after Chancellor’s £7bn NI raid sparks fears over mass closures

Shoppers face supermarket price hikes, warns Lidl boss after Chancellor’s £7bn NI raid sparks fears over mass closures …C0NTINUE READING HERE >>>

THE boss of Lidl has warned that food prices will inevitably rise after the Budget’s tax raid added huge costs for retailers.

Ryan McDonnell, Lidl chief executive, said that the discount supermarket was facing “tens of millions of pounds” in extra costs after the Chancellor hiked employers’ national insurance contributions.

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The boss of Lidl has warned that food prices will inevitably rise after the Budget’s tax raid added huge costs for retailersCredit: DARREN FLETHCHER PHOTOGRAPHY

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