Economic uncertainty in the retail sector
Following key findings from the BRC, Price Bailey detail how retailers are responding to the increased National Insurance Contributions (NIC) and the impact on their business outlook through a rise in cost pressures.
Commenting on our infographic below, Adam Norman, Partner and expert in the retail sector at Price Bailey said:
“As the government’s National Insurance rise takes effect, retailers are facing intensified pressure on both margins and workforce costs. Our latest infographic explores how this policy shift compounds existing economic uncertainty, and what it means for resilience in the retail sector. Now more than ever, strategic agility and proactive planning are essential.”
How can Price Bailey help?
At Price Bailey, our team of Retail sector specialists can support you and your business. Should you have any questions for the team, please use the form below to contact us.
We always recommend that you seek advice from a suitably qualified adviser before taking any action. The information in this article only serves as a guide and no responsibility for loss occasioned by any person acting or refraining from action as a result of this material can be accepted by the authors or the firm.
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