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Bosses of HMV and Lidl warn of pressures due to NICs rise in budget
The Guardian
|November 21, 2024
The bosses of Lidl and HMV joined a chorus of retailers warning that cost increases resulting from the UK government's budget decisions will put them under pressure.
Doug Putman, the owner of the British entertainment retailer HMV, said the budget was "bad news in general" and "most retailers would be on a pause" in their expansion plans as the cost of employing staff rose. "We won't open, we will wait," he said.
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