Aldi unveils plans for 23 new outlets as part of £1.6 billion extension, check if your locality is included in the rollout on our comprehensive list and map.
In the midst of rising inflation and economic uncertainty, retailers in the UK have urged the government to reconsider its reform of business rates, fearing further increases to the cost of doing business could lead to more job losses and store closures.
Aldi UK chief executive Giles Hurley has expressed his concerns, stating that policies affecting the operating costs of businesses should be considered very carefully ahead of the November 26 budget. He emphasised that the industry is still waiting for the ink to dry on business rates changes.
Hurley's concerns are not unfounded. According to recent reports, thousands of big shops could be forced to pay more under the Chancellor's proposals, potentially exacerbating the current economic situation.
Meanwhile, consumers are facing their own challenges. Food inflation in the UK is projected to reach 5.7% by the end of December, up from 4.2% in August. This rise has led shoppers to opt for premium dine-in meals instead of going to restaurants.
The situation is particularly difficult for households, as inflationary challenges come on top of other rising bills. Hurley noted that these challenges are particularly difficult for households because they come on top of other rising bills.
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Despite the challenges in the UK, Aldi Nord, Aldi's German counterpart, is expanding. In the coming years, they plan to open new stores in various locations across Germany, including Berlin, Zehdenick, Luckau, Cottbus, Neustrelitz, Waren (Müritz), Osterburg, Bernsdorf, and more.
As the budget approaches, it remains to be seen how the government will address the concerns of retailers and consumers alike. The potential for additional costs to businesses in the food sector, coupled with rising inflation, could have significant implications for the economy and everyday life in the UK.
