business
British retailers urge action as Iran conflict drives up costs
Key takeaways
- The British Retail Consortium (BRC) said the conflict was pushing up costs across supply chains, including energy, production, shipping and distribution.
- It said these pressures were being added to existing increases tied to higher employer taxes, wage increases and packaging levies.
- According to the BRC, retailers have absorbed £6.5bn ($8.86bn) in extra employment-related costs over the past two years.
British retailers urge action as Iran conflict drives up costs Shubhendu Vimal Wed, May 6, 2026 at 9:23 PM GMT+7 3 min read The UK s retail sector has urged the government to act on increasing business costs linked to the Iran conflict, saying retailers may find it difficult to limit price increases for consumers without additional support.
The British Retail Consortium (BRC) said the conflict was pushing up costs across supply chains, including energy, production, shipping and distribution.
It said these pressures were being added to existing increases tied to higher employer taxes, wage increases and packaging levies.
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