Politics · United Kingdom · 1 day ago
M&S chief calls Labour’s last two Budgets a disaster
Stuart Machin, who leads Marks & Spencer, criticised the last two Budgets.
He called them “a disaster.”
Rachel Reeves authored the Budgets, so the criticism is directed at her work.
The comments put a business leader’s public judgement of Labour’s economic decisions on record.
The source does not explain which policies Machin objected to or give his reasons.
It also does not say how Reeves or the government responded.
No further action or next step is described.
M&S chief Stuart Machin said the last two Budgets were a disaster.
His criticism was described as a charge against the Budgets.
Rachel Reeves was identified as the author of the Budgets.
The article said Machin’s criticism would not be easy reading for Reeves.
- Who
- Stuart Machin, M&S chief, criticised the last two Budgets.
- What
- He called them “a disaster.
- When
- The article was published on 10 October 2026.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
were a disaster
This story does not have a timeline yet.
- Speaker
- Stuart Machin
- Organisation
- M&S
- Budgets criticised
- The last two Budgets
- Author identified
- Rachel Reeves
- Article publication date
- 10 October 2026
Sources
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