Chancellor Rachel Reeves' Labour government has been warned by UK retail heavyweights that its tax policies could undermine its key promise to raise living standards She has been warned (Image: Matthew Horwood, Getty Images)

Major retailers including Tesco, Sainsbury's and John Lewis have delivered a stark warning to Chancellor Rachel Reeves , claiming her government's tax policies threaten to sabotage Labour's central pledge to boost living standards. ‌

The retail giants argue they're being compelled to hike prices due to escalating costs, with further tax burdens set to fuel food price inflation that's already on the rise. ‌

In correspondence to the Chancellor, the firms - speaking through the British Retail Consortium (BRC) - reveal that government-imposed expenses

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