Rachel Reeves blamed as Morrisons confirms closure of 100 stores | UK | News
A major supermarket chain has blamed the Government after it was forced to close 100 stores. Morrisons has announced it will be closing dozens of stores over the next couple of months. The supermarket said the store closures, which were originally taken on as part of a £190million rescue deal for McColl’s in 2022, were subject to ongoing review but had been loss-making for some time despite efforts to improve trading. The high street giant said their circumstances had been exacerbated by “significant cost increases resulting from Government policy choices”, including the national living wage increases and the hike in employer National Insurance contributions. A HM Treasury spokesperson said: “We have the right economic plan – reforming business rates, with a £4.3bn support package to limit bills rises, capping Corporation Tax at 25%, cutting red tape and taking action on the cost of living to boost the sector.” The chain stressed that the move affected company-owned stores, but not its franchised stores – a part of the business that’s continuing to expand. Employees affected by …
