UK fashion chain Next has warned that the UK economy faces years of “anaemic” growth, held back by fewer jobs, stifling regulation, unsustainable government spending and higher taxes.
The stark assessment from the FTSE 100 company came as the retailer maintained its full-year profit outlook of just over ￡1bn on Thursday, saying it remained cautious about the second half of the year as sales slow.
The chain, which has 457 stores and makes most of its sales in the UK, is widely seen as a bellwether for the financial health of Britons.
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