Tax cuts won’t solve economic crisis, says Next CEO

The chief executive’s comments come as Sajid Javid, the health secretary, defended the tax cuts proposed by Conservative leadership frontrunner, Liz Truss, and insisted they would not drive up inflation

Simon Wolfson, the chief executive of fashion retailer Next, has claimed that inflationary pressures can only be tackled by increasing the supply of goods and workers as tax cuts will not solve the challenges facing the British economy, according to The Telegraph.  

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