Wilko chair blames retailer’s collapse on Truss mini-budget
Former Wilko chair Lisa Wilkinson has laid out the issues that led to the collapse of the retailer, including pointing to former prime minister Liz Truss’ mini-budget for driving up interest rates.
Speaking to MPs on the business and trade select committee, Wilkinson said Wilko had all but agreed lending arrangements with Australian bank Macquarie in mid-September 2022 but the mini-budget increased interest rates.
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