George Weston tells chancellor to ‘tax rich folks instead’ as ABF says it could split fashion chain from food arm
The boss of Primark’s parent group has urged Rachel Reeves to avoid hitting consumers with a repeat of last year’s tax-heavy budget which he claimed sent the retailer’s sales into reverse, saying “don’t do it again”.
As the chancellor prepares to make her budget speech on 26 November, George Weston, the chief executive of Associated British Foods (ABF), said: “A budget this late has the potential to have an enormous impact on Christmas trading.”
Background
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Analysis
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What This Means
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