Intelligent Insight12 Dec 2025 15:54
Irrespective of the profit warning , the budget has done nothing for the High Street and especially the minimum wage !! As soon as staff reach 21 years old they are then on £12.21 Per hour + employers N.I. Increasing to £12.71 in April 2026 on top of Rent, Rates ,Electricity, Insurance all increasing. The High Street is in a death spiral where only cheap Chinese garbage will survive. Look at all the Profit warnings from Marks & Spencers , Green King, Wetherspoons, B &Q and now Card Factory, costs carry a problem that no amount of good management can overcome in the short term . Personally I have a lot of skin in Card and am kicking myself for not reacting earlier, but I did think that the problem would show after Xmas and not before !!