New slump is on the way, says Lush boss

we’re in for higher inflation and VAT and another economic slump, whoever wins the general election.

That’s the future according to Mark Constantine, co-founder of Lush, the handmade cosmetics company in Poole.

Speaking at the 10th anniversary of the Poole Business Women’s Lunch Club, he said: “I suspect VAT will go to 20 per cent and I expect inflation will go to much more.

“There’s going to be some other kind of drop coming in the next 18 months in the UK because the government is going to have to put some money down,” he said, referring to Britain’s £163bn deficit – the largest since the Second World War. more...