01-03-25, 10:21 AM
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#1947
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Chief of the Boat
Join Date: Feb 2006
Location: 250 metres below the surface
Posts: 191,437
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Uploads: 13
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Former Asda and M&S chief warns of more economic gloom amid Labour's tax hikes
Quote:
A top businessman has revealed he is "despondent" about the state of the UK economy.
Stuart Rose, the former chairman of Asda and Marks and Spencer, revealed firms are facing a "very tough" time amid "no growth", "poor productivity" and "a very, very large tax burden".
He blasted the "very bloated public sector", adding "the prospects are not good".
A major study, published on Boxing Day, revealed Rachel Reeves's bombshell Budget has stifled economic growth and dampened business activity in the UK.
https://www.msn.com/en-gb/money/othe...6766c2d0&ei=75
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Wise men speak because they have something to say; Fools because they have to say something.
Oh my God, not again!!
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