UK’s Top Retailers Cut 18,000 Jobs Since Labour’s Tax Rises (1)

Britain’s largest retailers have shed almost 18,000 jobs in the past year, as the industry grapples with higher taxes and wages since Labour came to power.

The job losses were led by Tesco Plc, the UK’s largest grocer, which saw its UK and Ireland headcount drop by nearly 5,000 in its latest financial year.

Meanwhile, rival supermarket chain J Sainsbury Plc, department store group John Lewis Partnership Plc and B&Q owner Kingfisher Plc all saw their average employee counts fall by around 3,000 over the past year, Bloomberg News analysis of annual reports published in recent months shows. ...