Britain’s cost of living crisis will worsen in autumn, says M&S boss

British households may already be strapped for cash, but they won’t feel the full force of the country’s cost of living  crisis until the autumn, the boss of clothing and food retailer Marks & Spencer (M&S) has said. 

M&S chief executive Steve Rowe said many in Britain will spend on the Platinum Jubilee celebrations and then possibly enjoy their first foreign holiday since the pandemic began, before the reality of a massive jump in energy bills hits them in September and prompts them to adjust their spending.