Tesco warns 'enough is enough' on business taxes
Published: 10/2/2025

Tesco CEO warns government against imposing more taxes on retailers in the upcoming Budget, citing concerns over additional operating costs. Ken Murphy urges the government to avoid increasing financial burdens on businesses, referencing the last Budget's impact on the industry. Tesco raises profit forecast as Chancellor Rachel Reeves is expected to announce potential tax hikes during the Budget on 26 November.