Prominent UK retailers, including Tesco and Amazon, have warned that job cuts in the retail sector are ‘inevitable’ due to new tax increases outlined in the recent Budget. In a letter to Chancellor Rachel Reeves, they highlighted a cumulative burden of £7 billion in costs that will exacerbate inflation and hinder growth, particularly impacting entry-level jobs. The government defends these tax increases as necessary for public service sustainability, but businesses argue that they will lead to higher prices and shop closures.