Andrew Bailey said dozens of businesses - including Tesco , Asda and Sainsbury's - had been 'right' to sound the alarm in an open letter to the Chancellor.
The Bank of England governor today joined Britain's biggest retailers warning that job cuts are 'inevitable' after Rachel Reeves ' monster national insurance raid.
'We appreciate Government's focus on improving the fiscal situation and investing in public services; we also recognise the role businesses have in supporting this,' the letter said. More than 70 businesses including Tesco, Asda and Sainsbury's sounded the alarm in an open letter to the ChancellorAndrew Bailey said dozens of businesses - including Tesco , Asda and Sainsbury's - had been 'right' to sound the alarm in an open letter to the ChancellorGiving evidence to the Treasury Select Committee this morning, Mr Bailey said: 'I saw the BRC's letter and I think they're right to say, I think there is a risk here that the reduction in employment...
The businesses said they would 'welcome' the chance to meet with Ms Reeves and urged changes including phasing the reduction in the NICs lower earnings threshold, delaying timelines for packing levy implementations and revisiting business rates proposals announced in the Budget.
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