Inflation dynamics in the UK are setting the stage for a significant impact on the retail sector, with new business rates anticipated to add £140m to…
Browsing: business rates
The retail industry confronts a significant financial challenge with a £140 million increase in business rates due to recent inflation data.September’s inflation figures show a decrease…
A coalition of retailers is pressing Chancellor Rachel Reeves to act on business rates reform, highlighting a looming financial burden for small businesses. Insights from Altus…
In September 2024, UK retail sales experienced a notable boost driven primarily by clothing and footwear despite a backdrop of economic challenges.Retail sales in the UK…
The Big Six supermarkets in the UK are urging the government to cut business rates as part of a broader call for economic fairness and growth.In…
A coalition of over 70 retail CEOs is advocating for the creation of a Retail Rates Corrector.The proposed correction seeks a 20% reduction in business rates…
For the first time in over a year, retail footfall has increased, marking a notable shift in consumer behavior driven by the back-to-school season and favorable…
The British Retail Consortium (BRC) is advocating for a substantial change in how retail business rates are levied, unveiling new research in its recent Budget submission.The…
The retail sector’s tax burden emerges as a key issue, highlighting significant disparities.New findings indicate that retailers pay 7.4% of all business taxes, which is disproportionate…
The New West End Company has issued a manifesto urging the UK’s political parties to emphasize economic growth, public safety, and planning reforms.Over 600 businesses back…