Business & Finance
Business and Finance
Business and Finance
Thu, November 28, 2024 
[ 03:34 PM ] - Bill Williamson
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UK budget shows government doesn't understand business, says retail veteran
- Britain's tax raising budget shows the government does not understand business and it will drive prices higher, restrict pay and curtail investment, one of the country's most experienced retail veterans said on Thursday.
The article from Reuters discusses the UK government's recent budget, which has drawn criticism from retail veteran Archie Norman, the chairman of Marks & Spencer. Norman argues that the budget reflects a lack of understanding of business needs, particularly in the retail sector. He points out that the government's policies fail to address key issues like business rates, which are a significant burden on retailers. Additionally, Norman criticizes the lack of incentives for investment and growth, and the absence of measures to stimulate consumer spending. He believes that the budget misses opportunities to support businesses in transitioning to a post-Brexit and post-COVID economy, potentially stifling economic recovery and growth.
Read the Full Reuters Article at [ https://www.reuters.com/world/uk/uk-budget-shows-government-doesnt-understand-business-says-retail-veteran-2024-11-28/ ]
Read the Full Reuters Article at [ https://www.reuters.com/world/uk/uk-budget-shows-government-doesnt-understand-business-says-retail-veteran-2024-11-28/ ]
