‘Disappointing’ budget will cost Primark ‘tens of millions’, says ABF boss
The “disappointing” budget for UK high streets will cost fashion giant Primark “tens of millions” of pounds, according to owner Associated British Food’s (ABF) chief executive George Weston.
The boss of Primark, which employs around 40,000 people in the UK, said he is “disappointed” that the set of tax rises as a result of chancellor Rachel Reeves’ budget impacts the high street more than other business sectors.
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