M&S boss Stuart Machin: Raising taxes at budget ‘easy way out’ for government
Marks & Spencer boss Stuart Machin has urged chancellor Rachel Reeves to not take “the easy way out”, after reports that the government is considering raising the national insurance paid by employers in the upcoming budget.
In an article for The Times, Machin said he sympathised with the problems the new Labour government faces at its first fiscal event. “Economic growth is too low, government debt too high and we’re less productive than our international peers,” Machin wrote, comparing the situation to the one he found when he took over as boss of M&S.
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