Last year, M&S jumped up to $ 672 million in annual profits for 12 months in March. In his article, Mr. Machine said that M&S ”is growing, but not others and there is no doubt that overall, less jobs, low shops and wages will gradually increase in this sector.”
Along with the change in employment rights and the increase in employers’ NIC, Mr. Machini also criticized a new packaging levy in October.
The Extension Producer’s responsibility (EPR) move has been developed to pay the full costs of packaging waste management and recycling, and therefore reduce unstable packaging.
In his letter to the Chancellor in November, the British retail consortium estimates that the move would cost $ 2 billion.
Mr Machini said that the EPR would “pay a tax bill 20 times more than the current amount to retailers, which has no improvement in general tax and recycling in £ 2bn straight treasury”.
“Retail is being raided like a Gulkal Bank and is unacceptable.”
He called on the government to take the phase of the NICS increase in two years – echoing a call by the next boss Lord Wolfson – to give retailers “breathing place” –
Mr Machine also said that EPR fees should be delayed and the government should re -consider its approach to business rates.
A Treasury spokeswoman said: “We once provided a parliamentary budget to provide economic growth foundations to clean the parliament’s budget and provide stability businesses.
“In addition to the corporation tax capping for parliamentary period, we are permanently reducing business rates for retail, hospitality and entertainment on high street from 2026.”
