All Business rates articles – Page 8
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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Chancellor of the Exchequer Sajid Javid has resigned and been replaced by the former chief secretary to the Treasury as part of today’s cabinet reshuffle.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.
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NewsRaise corporation tax to save struggling high street, bosses urge
The Treasury should increase corporation tax to fund a business rates cut for high street retailers, a new government-commissioned report has said.
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NewsRetail chief executive turnover reached seven-year high in 2019
The number of chief executives losing their jobs in the retail sector reached a seven-year high in 2019, according to a new report.
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NewsBRC slams latest government proposals on business rates relief
The BRC has criticised the government for not doing enough to support the UK high street, after it proposed increasing retail business rates relief but not the threshold at which it would be available.
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OpinionOpinion: If Flybe deserves a break, why doesn’t retail?
As it emerged that regional airline Flybe was in trouble, ministers scrambled into action to keep the business flying.
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NewsDebenhams and HMV to close swathe of stores this month
Debenhams and HMV will both shutter stores this month as the retailers grapple with rising rents and business rates.
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NewsRetail job losses reach highest level in more than two decades
Almost 150,000 retail jobs were lost in 2019 as the industry battled high costs and changing shopping habits.
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NewsQueen’s speech brings business rates disappointment for big retailers
Plans revealed in today’s Queen’s speech to reform business rates have prompted disappointment because of their limited nature.
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OpinionLeader: Retail’s star can’t only shine at Christmas
In a few days, the tumult of Christmas trading will be over. The short time before the January Sales kick off – in-store at least – brings a chance to reflect on the retail year gone by.
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AnalysisHouse of Fraser future hinges on rates reform, warns Ashley
Sports Direct founder and chief executive Mike Ashley has warned that the future of his vast retail group’s bricks-and-mortar portfolio is dependent on the “broken and unworkable” business rates system being overhauled.
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AnalysisRetailers praise ‘emphatic clarity’ as Conservatives secure election win
Retail bosses have praised today’s general election result, which saw the Conservative Party secure its largest majority since 1987.
