UK Budget: Retail giant calls government tax policy absolute chaos.
05.12.2025
758
Journalist
Shostal Oleksandr
05.12.2025
758
Budget Criticism
Owner of SPORTS DIRECT, Frasers Group, sharply criticized Chancellor Rachel Reeves, calling the budget "an absolute sh*t show of chaos".Words of the CFO
Chris Wootton, the CFO of the retail company, emphasized that the government's approach with constant changes in tax policies—"taxes in, taxes out, up, down, left, right"—confuses businesses. He described this process as "shameful".According to The Sun: The response from Frasers Group addresses the pressing issues businesses face in the UK. The constant changing of tax rates and rules creates additional challenges for companies trying to adapt to such unstable conditions, thereby threatening their operations and investments.
Read also
- New U.S. Tariffs Hit 60 Nations: Here Are the Rates for the EU and Russia
- Russia’s Oil and Gas Revenue Set to Surge by 60%—Here’s What’s Driving the Jump
- IMF Disburses $690 Million Second Tranche to Ukraine: Where the Funds Are Going
- Russia’s Budget Deficit Could Hit 7 Trillion Rubles—What Are the Default Risks?
- Expert Sets Critical Threshold: 60% of Russia's Oil Refining Capacity Must Be Destroyed
- Russia Faces Imminent Fuel Crisis: Why Refinery Recovery Is Nearly Impossible, Expert Warns
