Oliver Bonas has cautioned that the UK economic outlook is "not easy" and that "growth hard to come by" due to the tax increases implemented by Chancellor Rachel Reeves in her Autumn Budget last year.

The retailer also revealed a drop in its pre-tax profit for 2024, attributing this to rising costs, while expressing hope that the "government's growth ambitions start[ing] to bear fruit" as the year progresses, as reported by City AM .

These remarks are included in the most recent financial accounts for Oliver Bonas, which have just been submitted to Companies House.

The accounts show a decrease in the company's pre-tax profit from £8.6m to £7.8m in 2024, but an increase in revenue from £135.7m to £150.2m.

During 2024, Oliver Bonas opened seven new stores and relocated another seven

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