Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
Anna Wise

M&S boss says Government must ‘act now’ as Budget risks shrinking UK retail

The boss of Marks & Spencer has warned that the Government’s Budget policies could shrink the UK’s retail sector, squeeze jobs and slow wage growth (Jonathan Brady/PA) - (PA Wire)

The boss of Marks & Spencer has warned that the Government’s Budget policies could shrink the UK’s retail sector, squeeze jobs and slow wage growth.

Stuart Machin, writing in the Sunday Times, said the industry is being “raided like a piggy bank” and called on Chancellor Rachel Reeves to make changes to her tax plans.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.