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Bosses of UK supermarkets and High Street chains warn Rachel Reeves that new business taxes will force them to hike prices in a fresh blow to Brits' living standards

Tesco, Sainsbury's, John Lewis, Morrisons, Aldi, Lidl, Ikea, Boots, JD Sports, Currys and Kingfisher are among those to have signed a letter to the Chancellor.

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