Stuart Rose tied to UK business wake: facing trade/data chatter as Marks & Spencer-era reformer pivots in today’s market brief. Biography: ex-M&S chair, life peer (b. 1949).
Retailers and economists are scrutinising a Treasury idea to cap prices on staples. M&S's Stuart Machin dismisses the concept as preposterous, arguing it could distort markets and hurt supply. Ministers say any plan is not mandatory and will focus on keeping costs down for households amid high inflation.