All Business rates articles – Page 7
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AnalysisThe Big Question: Should grocers pass up coronavirus rates relief?
Shoppers rushed to food stores to stock up as the coronavirus outbreak took hold, prompting some to call on the grocery giants to forego emergency business rates relief as sales climbed. Retail Week asks industry experts for their views.
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OpinionOpinion: Forget dividends and rates – grocers are heroes, not villains
How quickly judgements can be questioned in the court of public opinion.
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OpinionThe Secret Retailer: We are hurtling towards unimaginable social and economic crisis
In the latest in our series of columns from a ‘secret retailer’, one chief executive warns chancellor Rishi Sunak of the stark reality their business faces without access to one of the government’s coronavirus support loans.
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OpinionOpinion: Coronavirus – government must give retailers respect they deserve
I’ve been a huge fan of apocalyptic films and TV shows since I was a teenager. With Covid-19 we seem to have come the closest to life imitating fiction with just as many twists in the tale.
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NewsChancellor suspends business rates for 12 months for ‘economic fight’
The chancellor has announced 12-month business rates holidays for all retailers and pubs as part of a sweeping set of measures designed to support business in the face of the coronavirus outbreak.
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NewsCoronavirus: Retailers call for rates relief as store closure fears grow
Retailers are banding together to call on the government for exemption from business rates if shops are forced to close because of the coronavirus outbreak, and have renewed demands for far-reaching reform.
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OpinionThe Secret Retailer: Boris, we face fight for survival without your help
In the first of our columns from a ‘secret retailer’, one chief executive with stores nationwide calls on the government to up its game on coronavirus – and warns businesses will go bust if it doesn’t.
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NewsPrimark owner calls for rates reform as coronavirus outbreak hits trade
Primark parent company ABF’s finance director John Bason has urged the government to address business rates reform as the retail industry battles the impact of the coronavirus outbreak.
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AnalysisBudget: Coronavirus dominates as chancellor breaks out cheque book
In a challenging economic climate dominated by uncertainty over coronavirus, the new chancellor took action to protect business – but business rates reforms have been delayed. Retail Economics chief executive Richard Lim examines the detail.
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NewsBudget: ‘Fundamental’ review of business rates to be completed by autumn
New chancellor Rishi Sunak has confirmed the government’s “fundamental review” of business rates will be completed in time for the autumn statement.
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NewsInterest rates slashed in emergency move ahead of budget
The Bank of England has this morning announced an emergency cut in interest rates in a bid to shore up the faltering economy hit by the gathering coronavirus outbreak.
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OpinioneBay boss Hattrell: Rates are crushing innovative spirit of small businesses
All eyes this week will be on Rishi Sunak as he steps up to present his first Budget. The timing could hardly be worse for the government as they face the twin challenge of containing coronavirus while keeping the economy moving. I suspect there will be some late nights in Downing Street this week.
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NewsCo-op boss Murrells calls for business rates reform to save small towns
The Co-op’s chief executive Steve Murrells has urged Chancellor Rishi Sunak to reform the business rates system ahead of the budget this week.
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NewsBusiness leaders make fresh call for rates reform ahead of budget
Business leaders have written a letter to the new Chancellor ahead of his first budget this month calling for a number of reforms to business rates.
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NewsSainsbury’s, Frasers and Shoe Zone plead for business rates reform
The bosses of Sainsbury’s, Frasers Group and Shoe Zone have piled further pressure on new Chancellor Rishi Sunak to reform the business rates system.
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NewsRishi Sunak appointed chancellor as Javid resigns
Chancellor of the Exchequer Sajid Javid has resigned and been replaced by the former chief secretary to the Treasury as part of today’s cabinet reshuffle.
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NewsRetailers write to chancellor over £500m transitional relief loss
Chief executives from more than 50 retailers have written to the chancellor calling for action on business rates reform, after it emerged that over £500m has been lost in transitional relief since 2017.
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OpinionOpinion: Time is now for Johnson and Javid to back retail on rates reform
If the message to prime minister Boris Johnson and chancellor Sajid Javid on business rates wasn’t already clear, it certainly is now.
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NewsInstitute of Directors and CBI call for business rates reform
Two of the UK’s leading business groups have called on Chancellor Sajid Javid to launch a “comprehensive review” of the business rates system as part of next month’s Budget.
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AnalysisAnalysis: Will corporation tax save the high street? Don’t bank on it
Following reports that the Retail Sector Council (RSC) was preparing to recommend an increase in corporation tax to fund a cut in business rates, Retail Week discovers it’s far from a done deal.