Luxury handbag maker Mulberry has swung to a half-year loss as it revealed sales tumbling by 10% across the UK as the economic uncertainty and cost crisis knocked shopper confidence (Mulberry/PA)
City comment: Jeremy Hunt junked almost all of Kwasi Kwarteng’s notorious mini-Budget when he got the keys to Number 11. But in one respect at least he was wrong to throw out the growth baby with the fiscal rectitude bathwater.
Retailers rightly celebrated when Kwarteng restored tax free shopping for foreign tourists - and were downcast when his successor snatched it away again just a few weeks later.
