Retail jobs warning from the BRC

Retail jobs will be endangered if the government decides to increase VAT to 20 per cent, new figures show.

This is the main message that the results of a new report published by the British Retail Consortium and the Center for Economic and Business Research, which indicates that 163,000 jobs in all sectors are likely if there was an increase taxes.

With fewer jobs to about three million people in the United Kingdom, and rely on consumer spending, an increase in VAT could have important consequences.

The industry representatives in the next chief executive Simon Wolfson, who said his company would be able to cope with an increasing rate, as does not exceed 20 per cent, so that you can change your mind After reading this last search.

British Retail Consortium Director General Stephen Robertson said: "For the first time we have clear and independent evidence showing the increase in VAT and NI will have a profound and lasting impact on employment and growth.

"The budget deficit is serious. It must be addressed, but the proposals must be evaluated in terms of impact on employment and growth has revealed this new information."