British retailers are up in arms over the 2025 budget, presented at the end of October. Between increases in a minimum wage, the introduction of union rights and additional health insurance contributions, they anticipate a year of austerity for their sector.
On November 18, 2024, in a letter addressed to UK‘s Finance Minister Rachel Reeves, 81 retail executives warned of the consequences of the reform plan. The 2025 budget, presented on October 31, includes measures such as a 6.7% increase in the minimum wage from April 2025 (to £12.21/hour), the introduction of trade union rights and changes to national health insurance.
Do you have information to share with us?
Article authors
Morgane Monteiro
Journalist
Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.
Sophie Baqué
Chief Editor of mind Retail