The CEO of Waterstones, James Daunt, today highlighted the main problem the successful British retailer faces.
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Daunt said pay inflation was “really significant” for the business, but backed the UK government’s move to increase national insurance costs, which many executives in the retail and consumer industry sectors have opposed.
Instead, he said the most significant issue for Waterstones in the UK was Brexit: “It remains the biggest pain, adds to the cost and complexity, and made our labour situation worse.”
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https://www.ft.com/content/b719ade0-...e-8b5c5422c6a2