UK Shops Warn of Price Increases Due to Iran War

UK shops are asking the Government to reduce costs due to fears of price increases from the Iran war.
The British Retail Consortium says businesses are paying more for energy and shipping, which will increase prices for shoppers.
The group, which represents over 200 major retailers, wants the Government to help by reducing National Insurance and other costs.
Businesses have extra costs of £6.5billion. Most people think the Middle East conflict will increase prices of non-food products.
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Many people are worried about energy bills, petrol, diesel, and tax increases.
The Food and Drink Federation warns that food inflation could reach 9% by 2026. UK food inflation could reach 7%.
The BRC chief says the Middle East conflict is increasing costs and families are right to be concerned.
Not all pressures on retailers come from the Gulf. Some are domestic policy decisions that can be addressed.
Government action would help retailers keep prices affordable.
Other governments are reducing electricity costs for businesses. The UK should do the same.
The UK should not use global instability as an excuse for inaction on domestic costs.
Retailers are working hard to keep prices down, but they need help.
Every cost the government chooses not to address will increase shopping costs. This is a political choice that can still be changed.
Rachel Reeves met with supermarkets to discuss the impact of the Iran war on shoppers.
The Chancellor plans to suspend tariffs on some food and drink to help people save money.
The Government says it is working to protect people from potential price increases and has suspended some food tariffs.