M&S boss urges Rachel Reeves to 'change course' to escape 'economic doom loop' of high taxes and weak growth

Daily Mail // Business // Money

M&S boss urges Rachel Reeves to 'change course' to escape 'economic doom loop' of high taxes and weak growth

Monday 20th October 2025, 12:42PM

In a stinking rebuke ahead of next month's Budget, Stuart Machin hit out at the Chancellor's 'catastrophic' £25billion increase in national insurance and called for 'no more' tax hikes.

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