Prices in shops and pubs will rise as a result of tax rises on businesses announced in the Budget, two bosses have warned. Andy Higginson, chair of JD Sports and the British Retail Consortium, which represents supermarkets,

The pub group said it would need to raise prices for customers across its hotels and pubs as it faces a significant cost increase

The pub group said the rise in employers’ National Insurance contributions will cost it £3 million with a further £5 million due in wage increases.