John Lewis's 88 Million Pound Loss: Reeves's Tax to Blame?
Update: 2025-09-11
Description
John Lewis's losses nearly triple, sparking tax policy debate! The retailer blames Rachel Reeves's packaging tax and increased National Insurance for a £88 million pre-tax loss, despite rising sales. Massive store upgrades are underway, delaying the return of staff bonuses, but executives are betting on long-term gains and a potential bonus revival by 2026 if profits surge. Can John Lewis's investment gamble pay off?
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