Next says price rises will be less than expected this year
High Street retailer Next has said it will put up its prices by less than expected this year.
On Tuesday, the retailer also announced it would buy the Cath Kidston fashion brand for £8.5m, but not its shops. Inflation - the rate at which prices rise - has soared in the last year, putting households and businesses under pressure. Governor Andrew Bailey urged businesses not to put up prices faster than inflation, warning it would drive up the cost of living even further.
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