Rachel Reeves is raising the retail sector 'as if it is a piggy bank', says M&S boss as he warns of 'fewer jobs, fewer shops and slower wage growth'

Stuart Machin said the Chancellor's tax hikes - which could cost the sector £7billion - were 'ill-thought through'.

Feb 10, 2025 - 00:31
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Rachel Reeves is raising the retail sector 'as if it is a piggy bank', says M&S boss as he warns of 'fewer jobs, fewer shops and slower wage growth'
Stuart Machin said the Chancellor's tax hikes - which could cost the sector £7billion - were 'ill-thought through'.