All Business rates articles – Page 2
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News
Business rates to increase £1.7bn in 2024
Retail businesses will have to find an extra £1.7bn next year to pay for business rates, in line with September’s 6.7% rate of inflation.
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News
Retailers call on Jeremy Hunt to freeze business rates
A group of 44 retail leaders across the industry have written to the chancellor of the exchequer, Jeremy Hunt, to call for a freeze in business rates as part of his autumn statement.
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News
The Works posts profit fall but says strategy bearing fruit
Crafts, toys and books retailer The Works has posted a fall in full-year profits but said current trading is in line with expectations.
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News
BRC warns failure to act on business rates will add £400m ‘additional pressure’
The British Retail Consortium has welcomed falling inflation but warned the government risks adding £400m additional pressures on prices without business rates freeze.
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News
Lush paid managers £5m in bonuses after claiming £5m government support
Lush reportedly paid managers almost as much as it claimed in business rates relief in bonuses, despite recording a drop in profits.
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News
‘No comfort’ for retailers in ‘missed opportunity’ Budget
The Budget has been met with a largely tepid reaction from retailers and industry bodies, after the chancellor failed to address several important issues.
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Interview
Interview: Jollyes CEO Joe Wykes on expansion, competition and staff happiness
From new store openings to Christmas trading results, petcare retailer Jollyes is celebrating a year of record-breaking and chief executive Joe Wykes has no intention of taking his foot off the accelerator
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News
Government announces transitional relief scheme for business rates
The government has unveiled a transitional business rates relief scheme, a freeze on multipliers and increased support packages, but the next revaluation of rates will go ahead in April 2023.
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News
Tesco, Sainsbury's and M&S bosses call for business rates freeze
The bosses of some of the UK’s biggest retailers have urged chancellor Jeremy Hunt to freeze business rates as part of his autumn statement this week.
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News
New stores recovery threatened by £800m business rates rise
The rate of store vacancies improved in the third quarter across all retail locations, but physical retail’s recovery is in danger of being held back by an £800m increase in business rates costs.
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News
Shop prices hit new records as retail calls for business rates freeze
Shop prices hit record highs in September as retailers looked ahead to the next business rates revaluation with trepidation.
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News
Retail welcomes return of tax-free shopping despite bitter rates disappointment
Representatives of the sector have welcomed the reinstatement of tax-free shopping for tourists as a boost for UK retail’s competitiveness in a bleak economic climate.
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Analysis
Retail’s wish list for new prime minister Liz Truss
Liz Truss has been named as the new leader of the Conservative party – and the UK’s 56th prime minister – following a fractious two-month contest.
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News
Truss plans to cut business rates in face of energy crisis
Conservative leadership candidate Liz Truss has been in talks with industry lobbyists over plans to slash business rates
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Analysis
PM for a day: What M&S, Co-op and AO’s leaders would do in the top job
As Rishi Sunak and Liz Truss challenge each other for leadership of the Conservative Party and the country, all eyes are on them for solutions to pressing problems such as the cost-of-living crisis.
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News
Retailers call for ‘urgent action’ on business rates from Sunak and Truss
The Retail Jobs Alliance, which includes many big retailers, has urged Conservative and prime ministerial contenders Rishi Sunak and Liz Truss to address the “unsustainable burden” of business rates
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News
Retail calls on Truss and Sunak to address business rates failings
The British Retail Consortium has written to both Conservative leadership contenders to outline the sector’s concerns ahead of the ballot result on September 5.
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News
Sunak pledges to ‘save the high street’ with revitalisation plan
Prime ministerial contender Rishi Sunak has unveiled a plan to “save the high street”, as he battles for the Conservative leadership.
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News
Shop vacancies fall for third quarter in a row
The national store vacancy rate has improved for the third quarter in a row but is still above the pre-pandemic level.
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News
Transitional relief will cost retailers £1bn as Frasers boss calls for ‘hard and deep’ cuts
The British Retail Consortium has warned transitional relief could cost retail £1bn over the next three years, as Frasers boss Michael Murray called for drastic government action.