Retail bosses urge Chancellor to reform business rates to boost growth Business The letter, co-ordinated by the British Retail Consortium (BRC), argued the retail industry paid 7.4 per cent of all business taxes when it only made up five per cent of the overall economy.
Here’s what the government should do to fix business rates Opinion Businesses are calling for certainty. What they don’t need is a knee-jerk reaction on business rates from the government, writes David Jones
Fuller’s pub chain optimistic on easing inflation and urges business rates cut hospitality Fuller Smith & Turner has continued its strong recovery. The pub chain said sales at the London-listed company grew by 5.3 per cent for the first 16 weeks of the financial year, boosted by major events including the Euro football championships. At the beginning of June the company said like-for-like sales in the 52 weeks [...]
Plans worth £5bn to create 30,000 jobs given the green light June 14, 2024 Plans that could create more than 30,000 new jobs and attract billions of pounds of private investment to the West Midlands have been given the green light.
Labour promise to replace business rates with property taxes April 9, 2024 Labour has promised to replace business rates with a system of “business property taxation” in a bid to level the playing field between high street businesses and online retailers.
Spring Budget 2024: Tourist tax under review ahead of next week’s statement February 4, 2024 The so-called ‘tourist tax’ is under review ahead of the Spring Budget, according to reports, indicating the Treasury could ditch the policy.
Fried chicken and Parker pens: A day at Labour’s business bonanza February 2, 2024 “I think this is the only job where you can get some positive press just by eating a few prawn cocktails and having some nice dinners.”
Central London Alliance calls on Treasury to reinstate tax-free shopping and generate an estimated £10 billion January 31, 2024 | City Talk Ahead of the budget announcement on 6 March 2024, Central London Alliance (CLA) has submitted a proposal calling for the Treasury to reinstate tax-free shopping in efforts to help the retail sector recover from post-pandemic challenges. CLA backs requests by the retailers to reintroduce the scheme allowing foreign visitors to the UK to shop tax-free. [...]
Luxury retailer Julian Charles forced into the red by rising costs January 24, 2024 Rising costs forced luxury bedding and homewares retailer Julian Charles into the red during its latest financial year.
‘A cruel blow’: Loungers boss bemoans Hunt’s lack of business rates support for larger firms November 28, 2023 The boss of Loungers has criticised chancellor Jeremy Hunt’s decision to not extend business rates relief to larger firms, describing it as a “cruel blow”. Speaking to City A.M, the chief of the casual dining chain, Nick Collins, said: “It’s going to add to the inflationary pressure, at a time when hospitality really struggled with [...]