Dozens of retail bosses have signed a letter to the chancellor warning of dire consequences for the economy and jobs if she pushes ahead with budget plans which, they say, will raise their costs by £7bn next year alone
https://news.sky.com/story/budget-means-difficult-decisions-already-being-taken-retail-chiefs-warn-13256348
https://news.sky.com/story/budget-means-difficult-decisions-already-being-taken-retail-chiefs-warn-13256348
Comments
Applied properly it improves life, society and economy. Risk is it won’t be.
But others are going to close particularly loss making retail units.
Homebase for example is closing half their stores.
https://www.opendemocracy.net/en/labour-city-banks-finance-2m-donations-bankers-bonuses-u-turn-rachel-reeves/
#SRDH
And yet the Tories learnt nothing.
They complain about the medicine, whilst ignoring the disease.
It's going to get worse.
But it will get better.
Tory pretence kills
"The Louder They Scream The Faster We Will Go" to Raise their Costs by £7bn Next Year!
Which Bosses Are Going to Unionise Next "We Can't Live Like This, you will force us into Destitution!"
That means the tax payer (you and me) subsidise their low wages, so the Board of Directors can have a nice bonus!
That’s the wrong attitude to take.
They still make record breaking profits YoY (in the £b’s) and ever increasing CEO pay.
But we’re supposed to feel sorry for the terrible time supermarkets are having making only £2b+ profits each year.
https://www.grocerygazette.co.uk/2024/06/14/tescos-murphy-im-well-paid/#:~:text=Tesco%20chief%20executive%20Ken%20Murphy,was%20set%20by%20the%20board.
Greedy rich shareholders prioritise their profits above fair employment, customer service and honest retail.
Fixed it.
‘Cash rich, profitable, companies might return less profits to shareholders’ is the story here. Tesco in particular has been milking the UK for c. 40 years to pay for failed forays into Europe and the US.
A shame the same Tory press won’t mention the best economic stimulus is undo a decade of Tory tax-breaks for the Wealthy and start to undo Brexit.
It's called a Brexit Dividend in Tory and Starmer speak.