Reported about 12 hours ago
Shares of major British retailers, including Tesco and Marks & Spencer, have dropped significantly due to rising fears about the UK economy following Labour's proposed tax increases. Despite strong holiday sales, concerns over higher operational costs and declining consumer confidence are overshadowing positive results. The broader market is affected by global economic uncertainties, particularly following comments from incoming US President Donald Trump about trade tariffs, which could exacerbate inflation and economic challenges in the UK.
Source: YAHOO