That, again, was ahead of market expectations. Then, Wednesday brought news that the headline rate of consumer price inflation fell from 10.4% in February to 10.1% in March. Forecasters had been expecting the rate of wage inflation to ease by now and yet it remains at elevated levels. That was the same as in the three months to the end of January and ahead of market expectations.

Tuesday brought news that average pay, including bonuses, grew at an annualised rate of 5.9% during the three months to the end of February. Two pieces of data this week have given the Bank of England's Monetary Policy Committee little choice but to raise interest rates from 4.25% to 4.5% when it next meets on 11 May. 'We have therefore been instructed to lodge Employment Tribunal proceedings for more than 90 individuals from both sites to secure compensation for what happened,' he added. Omar Ghaffoor, an employment solicitor at the firm, said M&Co staff were made redundant 'with just weeks to go until Christmas'.

'There should have been an information and consultation period before any decisions were made to make redundancies,' it said in a statement. Morrish Solicitors, which represents M&Co employees, said there was 'no advance warning' of the redundancies.

Teneo, its administrator, made a number of people redundant at the fashion retailer's head office and distribution centre in Inchinnan, and their buying office in London shortly before Christmas in 2022.Įarlier this year, plus-size retailer Yours Clothing owner AK Retail Holdings bought the business for an undisclosed sum, but M&Co's retail space was not part of the purchase, resulting in more than 1,900 job losses. More than 90 M&Co workers are taking legal action against the Scottish retailer against recent redundancies, claiming they were fired without a consultation period.

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