M&S’s profits halved after a cyberattack, with online chaos and rising food costs making headlines. Britain’s retail giant is battling cyber and inflation woes.
Retailers in the UK are cautious ahead of the November 26 Budget, fearing tax hikes and economic uncertainty. Industry leaders warn that upcoming fiscal policies could slow consumer spending, with recent cost increases already impacting profits and prices. Meanwhile, supply chain pressures and inflation persist across sectors.