All Business rates articles – Page 9
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NewsGovernment must fix ‘broken’ business rates system, say MPs
A Treasury committee report has called on the government to fix the “broken” business rates system as it is outpacing inflation and places a greater cost on high street shops than online businesses.
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NewsStore profit margins halved by soaring costs
Store-based profit margins have been decimated by rising costs over the last eight years, new research has shown.
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NewsRetail business rates to increase by £137m
The BRC has warned that retailers face a £137m business rates hike from next April based on the latest figures from the government’s consumer price index (CPI), which will pile more pressure on the sector.
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OpinionMark Price: Retailers must look beyond Brexit gridlock
As I write, cocooned within the chaos in Westminster; filibustering, guillotine motions, proroguing, elections and more, I am reminded of Harold Wilson who as prime minister coined the phrase “a week is a long time in politics” to sum up the rapid changes of fortune that can occur for politicians and their parties.
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NewsChancellor Sajid Javid shrugs off plea for business rates reform
Chancellor Sajid Javid has shrugged off pleas by the retail industry for reform of the “broken” business rates system.
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NewsTop retailers call on chancellor to fix broken business rates system
More than 50 retailers have written to new chancellor Sajid Javid demanding action to lighten the burden of business rates.
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NewsTesco bosses build support for online sales tax
Tesco is quietly building support from rival retailers for the introduction of an online sales tax.
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NewsRetail sales return to growth, but consumer spending languishes
Retail sales returned to growth in July but BRC boss Helen Dickinson warned that consumer spending is continuing to languish after a “punishing few months” for the sector.
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NewsCBI and BRC welcome Johnson but warn of challenges
The Confederation of British Industry and British Retail Consortium have welcomed the appointment of Boris Johnson as the new prime minister but warned of the issues facing business and retail more widely.
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NewsCBI: New PM must bring in annual business rates reviews
The Confederation of British Industry has called on the next prime minister to deliver annual business rates revaluations, as part of a sweeping manifesto to “get the UK economy back on track”.
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AnalysisAnalysis: What will the new prime minister mean for retail?
As the battle to become the next prime minister nears its conclusion, Retail Week investigates the impact a Boris Johnson or Jeremy Hunt premiership would have on retail.
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NewsBoxpark boss Wade: Retail 'on the edge of a precipice'
Boxpark boss Roger Wade has warned retail is “on the edge of a precipice” and urged the government to intervene to save Britain’s high streets.
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NewsTesco to cull brands as Dave Lewis repeats call for online retail tax
Tesco is preparing for another round of sweeping cuts to the number of brands it stocks on its shelves, as boss Dave Lewis reiterates calls for an online sales levy to even the playing field for bricks-and-mortar retailers.
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NewsLeaders call for review of ‘unsustainable’ business rates
The president of the Confederation of British Industry (CBI) is calling for an independent review of the “uneconomical, unsustainable and unintelligible” business rates system.
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OpinionOpinion: Will CVA rent reductions cut retailers' business rates?
2018 was dubbed the year of the CVA, allowing firms battling the structural changes taking place across Britain’s embattled high streets to not only close unprofitable stores hit by increasing cost pressures but to also seek rent reductions, often between 20% and 75%.
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NewsRetailers implore MPs to tackle business rates 'madness'
Retailers have called on the government to tackle the “madness” of the business rates system to stop it from “strangling our high streets”.
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NewsTrouva partners with real estate firm to tackle business rates
Trouva has today unveiled a strategic partnership with real estate advisers Harper Dennis Hobbs to “tackle unfair business rates” for independent retailers.
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NewsRetail Sector Council launches investigation into retail costs
The Retail Sector Council (RSC) has launched a new survey investigating costs burdening the industry such as business rates.
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AnalysisCan the West End survive another business rates hike?
Eye-watering business rate rises have made trading in central London more costly than ever. With some retailers shutting up shop, can the West End survive?
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NewsMPs call for online sales tax to save high street
A parliamentary inquiry has called for a new online sales tax to “level the playing field” and provide “meaningful relief” to high street retailers.