Next chief Simon Wolfson criticises VAT cut
Next chief executive Simon Wolfson has criticised the Chancellor’s decision to temporarily cut VAT to 15%, describing it as an extraordinary decision which ‘defies all economic logic’ and which will ‘do nothing to stimulate demand’.
Subscriber only content
You must be a paid subscriber to Drapers magazine to read this article and receive complete, unrestricted access to drapersonline.com
Drapers Subscribers:
If you are a Drapers subscriber please sign in with your email address and click submit:


Anything that makes taking risks - arguably the only way to fight your way out - harder is a serious problem’




