Future Of British Business
UK Cost-of-Living Crisis ‘Only Just Begun,’ Says JPMorgan
- Discretionary spending set to drop in 2023 as inflation bites
- H&M cut; M&S, AB Foods, Dunelm on negative catalyst watch
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The cost-of-living crisis facing consumers has “only just begun,” according to analysts at JPMorgan Chase & Co., who downgraded clothing company Hennes & Mauritz AB and flagged risks for other retailers including Marks & Spencer Group Plc.