Episode Details

Currys’ outgoing CEO is sounding the alarm on new UK tax hikes, warning they’re stifling hiring and urging the next government to reverse course—especially on soaring employer National Insurance contributions. With Currys posting strong profits and sales fueled by the World Cup’s TV boom, the boss highlights how the company’s global expansion and B2B focus are helping weather the UK’s sluggish consumer climate. But he’s blunt: retailers need tax relief to survive, and new employment rules forcing guaranteed hours could backfire by chilling hiring. He also calls for fairer tax treatment of online giants and a rebalancing of business rates—since bricks-and-mortar stores are bearing the brunt. Despite the gloom, he points to hot-selling items like barbecues and fitness trackers as signs of pockets of consumer enthusiasm.

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