Budget Criticized for Hurting Christmas Shopping
Update: 2025-12-05
Description
Frasers Group, a major UK retailer, slams recent Budget, citing it as a major blow to consumer confidence during the crucial Christmas shopping season. The companys CEO describes the period leading up to the Budget as shambolic, with conflicting rumors causing widespread confusion and discouraging spending. Despite a five percent rise in revenues, adjusted pre-tax profit fell by three percent, and shares dipped slightly following the reports.
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