I’ve never hidden what I thought of the last two Budgets. They were a disaster. Britain needed a plan for growth and got a pile of new taxes and regulations instead. At M&S we were left facing £150million of new costs each year, on top of a tax bill of around half a billion pounds.
Attention is now turning to the next Budget, the first by Chancellor John Healey. I have written to him directly to set out what needs to change, and why it can’t wait.
Last month the Prime Minister promised Britain ‘hope again’. It struck a chord, and you
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