Asda Chairman Warns: New Taxes Will Hurt Shoppers

Asda Chairman Allan Leighton warns Chancellor Rachel Reeves against new taxes that could worsen food inflation and hurt shoppers. Facing a potential £50 billion budget gap, the government is considering tax hikes on income, gambling, and property, but Leighton argues investment, not taxation, is the key to economic growth. With middle-class families feeling the pinch and food inflation rising, Asda is pushing suppliers to cut prices and bracing for potential slowdowns from ongoing tech upgrades. Hosted on Acast. See acast.com/privacy for more information.