The boss of Currys, the UK’s biggest electrical goods retailer, has urged the government not to increase taxes on retailers this year, saying it would damage investment and force prices to rise.
Alex Baldock, the retailer’s chief executive, said: “We urge government not to make a further contribution to the tax burden as that would further dampen investment and increase prices in an inflationary way.
“I would urge government to think very carefully before making the situation worse.”
Read the article on The Guardian website
NamNews Implications:
- Unfortunately, the government is hungry for tax income.
- Especially following successive U-turns…
- …that demonstrated little real evidence of anticipating the business consequences...
- Limited breath-holding is recommended in awaiting any improvement…
- i.e. In a flat demand market, Best focus on growing at the expense of rivals...
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