Broadcaster Mike Parry is fearful of “utter devastation” on the high street with Labour’s tax raids set to hit small businesses.

It comes as Tory research warns Rachel Reeves’ Budget will hit the average shop with £7,576 in extra employer National Insurance contributions and £3,091 in higher business rates.

<a href="https://www.gbnews.com/politics/labour-tax-raids-small-businesses-hammer-blow" target="_blank">READ THE FULL STORY</a>

Broadcaster Mike Parry is fearful of “utter devastation” on the high street with Labour’s tax raids set to hit small businesses.It comes as Tory research warns Rachel Reeves’ Budget will hit the average shop with £7,576 in extra employer National Insurance contributions and £3,091 in higher business...{ai:summary}<p>Broadcaster Mike Parry warns of potential "utter devastation" for high street businesses due to Labour's proposed tax increases. Tory research indicates that the average shop could face an additional £7,576 in employer National Insurance and £3,091 in higher business rates. </p><p>#economy</p>

WATCH: Mike Parry clashes with Labour activist over Labour's tax raids

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