Currys boss urges government not to raise taxes on retailers

Such a move would discourage investment and lead to further increases in prices, says chief executive Alex Baldock

The boss of Currys, the UK's biggest electrical goods retailer, has urged the government not to increases taxes on retailers this year, saying it would damage investment and force prices to rise.

Alex Baldock, the retailer's chief executive, said: We urge government not to make a further contribution to the tax burden as that would further dampen investment and increase prices in an inflationary way.