Ryan McDonnell, Lidl GB chief executive, said the discount supermarket chain is expecting to face ‘tens of millions of pounds’ in extra costs.

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Lidl boss: Retailers are ‘reeling’ amid hit from Budget tax hikes

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The boss of budget supermarket Lidl has warned retailers are “reeling” following Labour’s tax raid in the Autumn Budget. The German supermarket’s UK boss Ryan McDonnell said the discount brand was staring down the barrel of “tens of millions of pounds” in extra costs. This comes after the Chancellor unveiled a £25.7bn tax-raising package, with a change to employers’ national insurance contributions. This increased the rate of tax and reduced the…

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Lidl boss warns retailers are 'reeling' after Budget tax raid

The boss of Lidl has said retailers are "reeling" from autumn Budget tax increases, which he said will add to inflationary pressures at the grocery giant.Ryan McDonnell, Lidl GB chief executive, said the discount supermarket chain is expecting to face "tens of millions of pounds" in extra costs as a result of a raft of changes launched by Chancellor Rachel Reeves last month.Reeves revealed a £25.7 billion change to employers' national insurance …

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Ryan McDonnell, Lidl GB chief executive, said the discount supermarket chain is expecting to face ‘tens of millions of pounds’ in extra costs.  The boss of Lidl has said retailers are “reeling” from autumn Budget tax increases, which he said will add to inflationary pressures at the grocery giant. Ryan McDonnell, Lidl GB chief executive, said the discount supermarket chain is expecting to face “tens of millions of pounds” in extra costs as a res…

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Lidl boss: Retailers are ‘reeling’ amid hit from Budget tax hikes

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