Core Viewpoint - British consumers are preparing for increased taxes due to the upcoming budget, which may negatively impact Christmas demand according to the CEO of a major retailer [1] Group 1: Economic Impact - The finance minister has issued a warning about shared economic pain, indicating that consumers may face financial strain [1] - Anticipated tax increases could lead to reduced disposable income for consumers, affecting their spending behavior during the holiday season [1] Group 2: Retail Sector Implications - The warning from the finance minister raises concerns for retailers, particularly regarding key sales periods like Christmas [1] - Retailers may need to adjust their strategies to cope with potential declines in consumer spending due to the economic outlook [1]