Rachel Reeves’s increase to employer National Insurance rates and the minimum wage resulted in higher costs for businesses - Joe Giddens/PA Rachel Reeves’s £1.7bn property tax raid will put 120,000 high street jobs at risk, retail and hospitality bosses have warned. The British Retail Consortium (BRC) and UK Hospitality have raised fresh concerns over the Chancellor’s plans to impose higher business rates on superstores, hotels, holiday parks and restaurants. The trade groups estimate that hundreds of s ...