M&S boss criticises ‘economically illiterate’ business rates revaluation
Marks & Spencer boss Stuart Machin has criticised plans to raise business rates from the end of next month and lashed out at the government’s handling of the economy ahead of today’s Budget.
On his LinkedIn page, Machin said the business rate revaluation was “economically illiterate” and argued the planned increase in business rates would affect retailers the most when they next increase at the end of April.
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