Trading at Asda was disrupted by a tech handover

Asda boss Allen Leighton has hit out at the Autumn Budget as anti-growth and anti-investment as sales as the supermarket giant stumbled due to an IT handover.

The executive chairman said Chancellor Rachel Reeves’ Budget “didn’t do anything for anybody” and that “there’s nothing the government is doing that is stimulating growth”.

Speaking to City AM on a results call for Asda’s third quarter, Leighton added: “You’ve got to incentivise business to invest. That’s the way it works… until we grow, we’ll have no productivity.”

Reeves’ second Budget this week made a number of tweaks to the UK’s tax scheme, including increases to levies on assets and pensions.

The Budget has had mixed reviews from financial commentators, with many arguing t

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