HMV owner says budget is ‘bad news’ while UK boss of Lidl says product inflation ‘inevitable’ despite returning to profit

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Lidl has warned of potential price rises, with HMV predicting job cuts as a result of cost increases caused by the UK government’s budget.

Doug Putman, the owner of the British entertainment retailer HMV, said the budget was “bad news in general” and “most retailers would be on a pause” in their expansion plans as the cost of employing staff rose. “We won’t open, we will wait,” he said.