All Business rates articles – Page 3
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Opinion‘The retail industry was largely sold out by the chancellor’
While the dust has settled on the chancellor’s autumn statement, the frustration felt by many retailers has not, says BRC boss Helen Dickinson
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NewsBusiness rates and wage hike could send inflation soaring, warns BRC
The British Retail Consortium has warned that inflation could rocket again next year, as retailers face soaring business rates bills and the rising national living wage.
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AnalysisRetail blasts autumn statement that ‘puts final nail in coffin for high street’
Despite chancellor Jeremy Hunt hailing the autumn statement as the “biggest business tax cut in modern British history,” the response from the retail sector has been uncharacteristically direct.
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NewsRetailers call on chancellor to ease business rates in autumn statement
A coalition of retailers, hospitality and leisure businesses have written to Chancellor Jeremy Hunt, urging him to freeze the business rates multiplier and extend existing rate reliefs.
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NewsExclusive: BRC warns ‘no town or city centre safe’ from business rates rise
The British Retail Consortium has warned that “no town or city centre in England is safe” as retail giants brace for an increase in business rates as part of the autumn statement next week.
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NewsBusiness rates to increase £1.7bn in 2024
Retail businesses will have to find an extra £1.7bn next year to pay for business rates, in line with September’s 6.7% rate of inflation.
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NewsRetailers call on Jeremy Hunt to freeze business rates
A group of 44 retail leaders across the industry have written to the chancellor of the exchequer, Jeremy Hunt, to call for a freeze in business rates as part of his autumn statement.
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NewsThe Works posts profit fall but says strategy bearing fruit
Crafts, toys and books retailer The Works has posted a fall in full-year profits but said current trading is in line with expectations.
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NewsBRC warns failure to act on business rates will add £400m ‘additional pressure’
The British Retail Consortium has welcomed falling inflation but warned the government risks adding £400m additional pressures on prices without business rates freeze.
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NewsLush paid managers £5m in bonuses after claiming £5m government support
Lush reportedly paid managers almost as much as it claimed in business rates relief in bonuses, despite recording a drop in profits.
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News‘No comfort’ for retailers in ‘missed opportunity’ Budget
The Budget has been met with a largely tepid reaction from retailers and industry bodies, after the chancellor failed to address several important issues.
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InterviewInterview: Jollyes CEO Joe Wykes on expansion, competition and staff happiness
From new store openings to Christmas trading results, petcare retailer Jollyes is celebrating a year of record-breaking and chief executive Joe Wykes has no intention of taking his foot off the accelerator
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NewsGovernment announces transitional relief scheme for business rates
The government has unveiled a transitional business rates relief scheme, a freeze on multipliers and increased support packages, but the next revaluation of rates will go ahead in April 2023.
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NewsTesco, Sainsbury's and M&S bosses call for business rates freeze
The bosses of some of the UK’s biggest retailers have urged chancellor Jeremy Hunt to freeze business rates as part of his autumn statement this week.
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NewsNew stores recovery threatened by £800m business rates rise
The rate of store vacancies improved in the third quarter across all retail locations, but physical retail’s recovery is in danger of being held back by an £800m increase in business rates costs.
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NewsShop prices hit new records as retail calls for business rates freeze
Shop prices hit record highs in September as retailers looked ahead to the next business rates revaluation with trepidation.
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NewsRetail welcomes return of tax-free shopping despite bitter rates disappointment
Representatives of the sector have welcomed the reinstatement of tax-free shopping for tourists as a boost for UK retail’s competitiveness in a bleak economic climate.
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AnalysisRetail’s wish list for new prime minister Liz Truss
Liz Truss has been named as the new leader of the Conservative party – and the UK’s 56th prime minister – following a fractious two-month contest.
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NewsTruss plans to cut business rates in face of energy crisis
Conservative leadership candidate Liz Truss has been in talks with industry lobbyists over plans to slash business rates
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AnalysisPM for a day: What M&S, Co-op and AO’s leaders would do in the top job
As Rishi Sunak and Liz Truss challenge each other for leadership of the Conservative Party and the country, all eyes are on them for solutions to pressing problems such as the cost-of-living crisis.
