John Lewis boss: UK economy facing a ‘permacrisis’

cityam

Sep 03

Peter Ruis will quit John Lewis later this week The boss of John Lewis has warned that the UK economy is locked in a “permacrisis” as he urged the government not to hike business rates on large ...

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJohn Lewis boss: UK economy facing a ‘permacrisis’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-03 18:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/john-lewis-boss-uk-economy-facing-a-permacrisis/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Peter Ruis will quit John Lewis later this week The boss of John Lewis has warned that the UK economy is locked in a “permacrisis” as he urged the government not to hike business rates on large ...</p>\n\n<a href=\"https://www.cityam.com/john-lewis-boss-uk-economy-facing-a-permacrisis/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BBEU","symbol_name":"JPMorgan BetaBuilders Europe ETF","start_time":0,"source_url":"https://www.cityam.com/john-lewis-boss-uk-economy-facing-a-permacrisis/","article_id":"2664387525","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/09/Peter-Ruis-1.jpg?w=286&h=161&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/john-lewis-boss-uk-economy-facing-a-permacrisis/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2664387525","pubTimestamp":1788430780,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Peter Ruis will quit John Lewis later this week The boss of John Lewis has warned that the UK economy is locked in a “permacrisis” as he urged the government not to hike business rates on large retailers.Peter Ruis, the outgoing managing director of the retail giant, said that British businesses are facing a “permacrisis externally [which] isn’t going to go away”.Last month, the chair of John Lewis Partners – which owns the retailer and grocer Waitrose – Jason Tarry, told staff that the company is entering a period of “really tough” trading conditions.It is “really, really critical” that Labour does not add to the business rates burden facing high streets, which he said is already “out of kilter,” he said.Retailers have said in recent days that they fear Andy Burnham could hike the highest business rates bill facing the largest retailers to pay for tax cuts for smaller shops, pubs and bars.This tax change would have a “terrible impact for all retailers,” Ruis said. “No-one wants those ","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BBEU":"JPMorgan BetaBuilders Europe ETF","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"约翰-刘易斯老板：英国经济面临“永久危机”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBEU":1.5},"content_text":"Peter Ruis will quit John Lewis later this week The boss of John Lewis has warned that the UK economy is locked in a “permacrisis” as he urged the government not to hike business rates on large retailers.Peter Ruis, the outgoing managing director of the retail giant, said that British businesses are facing a “permacrisis externally [which] isn’t going to go away”. Last month, the chair of John Lewis Partners – which owns the retailer and grocer Waitrose – Jason Tarry, told staff that the company is entering a period of “really tough” trading conditions. \n\nBut Ruis said he was “pretty optimistic” for the retailer’s Christmas trading period. The earlier timing of this year’s Budget – at the end of October rather than November, as last year – will allow the retailer to focus on the critical end-of-year trading period, he said.“That critical period for us, where the big day out typically happens in John Lewis in those critical November weeks, getting past that Budget hump will be huge for us,” he added.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRuis urged the government not to hike business rates on large retailers, warning that the rumoured tax rise would be “terrible” for the high street. \n\nIt is “really, really critical” that Labour does not add to the business rates burden facing high streets, which he said is already “out of kilter,” he said.Retailers have said in recent days that they fear Andy Burnham could hike the highest business rates bill facing the largest retailers to pay for tax cuts for smaller shops, pubs and bars. This tax change would have a “terrible impact for all retailers,” Ruis said. “No-one wants those city centres, those town centres and those high streets [to have] closed shops.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}