What's happened
UK retailers warn that Brexit red tape and tax burden could extend cost of living crisis into 2024.
Why it matters
The warning from UK retailers about the potential for increased shop price inflation due to Brexit red tape and tax burden is significant as it could impact the cost of living for UK consumers.
What the papers say
The Independent reports that UK retailers warn of prolonged cost of living crisis due to Brexit red tape and tax burden. The Times highlights the potential for looming cost pressures to push inflation back up in 2024. Both sources provide similar information about the impact of Brexit red tape and tax burden on shop price inflation.
How we got here
Shop price inflation in the UK has eased for the sixth consecutive month, but UK retailers are warning of potential increases in shop price inflation due to Brexit red tape and tax burden.
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