M&S boss bemoans last week’s budget as ‘whole lot of nothing’

The chief executive of Marks & Spencer, Stuart Machin, has expressed disappointment with the UK's recent budget, calling it a "whole lot of nothing". He believes the Labour government's policies, including an onslaught of taxation and regulation, will hinder growth. This criticism is significant for the UK economy and markets, as it suggests that businesses may struggle under the new government's policies. As a result, investors may be cautious about the UK's economic prospects.

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The UK budget had little impact on the retail sector. A potential UK-EU food deal could bring benefits to retailers like Marks & Spencer.

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