Lidl faces 'tens of millions of pounds' in extra costs and retailers are 'reeling' after the Budget - London Business News | Londonlovesbusiness.com

The UK's biggest retailers have warned that job losses is "inevitable" and customers will be paying far higher prices as they will take a £7 billion hit from the Autumn Budget's tax increases.

Ryan McDonnell, Lidl GB chief executive of Lidl told the PA news agency, "There is a lot of impact that we will have to negotiate and I think the letter shows that the industry is reeling a lot.

McDonnell warned that soaring costs will end up with "greater inflationary pressures" and insisted that Lidl will "maintain market-leading pricing."

Now, 60% of households are choosing to shop at Lidl, and they're coming back more frequently, which is a fantastic sign of increasing loyalty.

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