Retailer says economic outlook clouded by declining job opportunities, government overspending and red tape
Bosses at clothing and homeware chain Next are forecasting years of “anaemic growth” across the UK, as the retailer claimed regulation, government spending and higher taxes would hurt jobs and productivity.
The FTSE 100 company, which is headed by the Conservative peer Simon Wolfson, said that while it did not believe the economy was heading towards a “cliff edge” the weakening outlook gave the company “another reason to be cautious”.
Continue reading…Retailer says economic outlook clouded by declining job opportunities, government overspending and red tapeBosses at clothing and homeware chain Next are forecasting years of “anaemic growth” across the UK, as the retailer claimed regulation, government spending and higher taxes would hurt jobs and productivity.The FTSE 100 company, which is headed by the Conservative peer Simon Wolfson, said that while it did not believe the economy was heading towards a “cliff edge” the weakening outlook gave the company “another reason to be cautious”. Continue reading…
