M&S boss brands Labour tax policies 'a crushing disappointment'

M&S boss: 'The last two Budgets were a disaster for businesses'

M&S boss brands Labour tax policies 'a crushing disappointment'

In a landmark intervention, Stuart Machin branded Labour's previous efforts 'disasters' and 'a crushing disappointment for customers, colleagues and businesses'.

Stuart Machin of M&S is not sparing Labour’s blushes, says ALEX BRUMMER

Updated: 02:50 EDT, 10 October 2026 Stuart Machin of M&S is not sparing Labour’s blushes ahead of the October 28 Budget with a blistering attack on business taxes. Even Britain’s low octane financial lobby groups finally have been spurred into action with a passionate plea to spare the banks further tax punishment. His full-fronted assault on the Government’s…