Gloomy Outlook for UK High Street

The video discusses the impact of rising fuel prices and VAT increases on motorists, businesses, and retailers. Motorists in Birmingham express frustration over record fuel prices, while haulage firms face financial pressure due to thin margins and increased costs. Retailers, like those at the Trafford Centre, are preparing for a VAT hike, with some delaying its implementation to ease consumer impact. John Lewis promises to be the last to apply the change, offering temporary relief to shoppers. Another fuel duty rise is expected in April.

What measures are retailers considering in response to the fuel duty increase?

What does John Lewis promise regarding the implementation of the tax rise?