John Lewis to cut staff bonus after pound’s Brexit slide

Retail group, which also includes Waitrose, reports strong Christmas but says retailers will face rising costs from importing goods John Lewis has warned that its annual bonus for staff will be significantly lower than last year as it prepares to take a hit from the post-Brexit slump in sterling.Charlie Mayfield, chairman of the staff-owned group, which includes Waitrose, said he anticipated a “challenging” year ahead as retailers would have to absorb a big chunk of the rising cost o