Dave Lewis warns that jobs will go,stores close and prices rise whether George Osborne doesn’t support industryThe chief executive of Tesco, Dave Lewis, or has said retailers face a “potentially deadly cocktail” as profits slump but costs rise because of business rates and the national living wage.
Lewis said jobs were on the line in an industry that employs three million people,with the opportunity that shops could close and prices on the high street could increase to pay for the additional costs. Related: Tesco says national living wage will cost it £500m by 2020 Continue reading...
Source: theguardian.com