Chancellor Rachel Reeves announces £22bn black hole in UK budget
THE boss of Lidl has warned that food prices will inevitably rise after the Budget’s tax raid added huge costs for retailers.
It comes as fresh figures today, Wednesday 20, show that inflation has already ticked up by more than expected to 2.3 per cent from 1.7 per cent in September.The Lidl boss said the discount supermarket would invest to make sure it was still offering lower prices than its rivasl. It now has 964 shops across the UK after opening just one store in the last year, the lowest level for at least a decade.“We are now back on the growth train and we still believe that we can have a network close to 1,000 shops”.Despite the slowdown in store openings in the past year, Lidl is still the fastest growing supermarket in Britain.
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