fromwww.theguardian.com
2 weeks agoNext shares slide as retailer warns on weak UK growth and jobs
The medium- to long-term outlook for the UK economy does not look favourable. To be clear, we do not believe the UK economy is approaching a cliff edge, Next's half-year earnings report said. At best we expect anaemic growth, with progress constrained by four factors: declining job opportunities; new regulation that erodes competitiveness;, government spending commitments that are beyond its means; and a rising tax burden that undermines national productivity.
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