M&S chief accuses government of raiding retail sector ‘like a piggy bank’

The Independent relies on reader support to cover important stories, from reproductive rights to climate change to Big Tech, with a commitment to unbiased reporting. Your donation helps fund on-the-ground reporting and investigative journalism. Marks & Spencer CEO criticizes government tax policies, warning of financial strain on businesses due to rising National Insurance Contributions and packaging levies, calling for staggered changes and delayed implementation to prevent stifled growth. The National Audit Office report highlights the complexity of the tax system, costing millions extra to operate, with M&S boss urging the government to reconsider policies like the extended producer responsibility levy to avoid detrimental impacts on retailers and the economy.

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