Allan Leighton executive chairman of Asda has expressed concern about the higher tax proposals in the upcoming Autumn Budget, warning that it would add more to the rising inflation in the UK.

According to The Telegraph, Leighton advised the Chancellor to avoid “taxing everything in some way, shape or form” to promote economic growth in Britain.

“All these things don’t make life easier. They are contributing to inflation, and inflation is hitting the pocket of the consumer,” he told the publication.

The news follows over 60 major retailers writing to the Chancellor, urging the Government to take action ahead of the proposed Autumn Budget to avoid a push in inflation.

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Additionally, the proposed higher business rates could put over 100 supermarkets at risk of closure. However, the Government has reiterated that the new plans are targeted at online retailers’ distribution and warehouses.

A Treasury spokesperson told the Financial Times earlier this month: “We are a pro-business Government that is creating a fairer business rates system to protect the high street, support investment, and level the playing field.”

“Unlike the current relief for these properties, there will be no cash cap on the new lower tax rates, supporting some of Britain’s most loved high street chains to continue to create jobs and grow the economy.”