All Policy & legal articles – Page 147
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NewsSwitching rates calculation to annualised CPI would have saved businesses £161m last year
Switching the business rates calculation from the retail price index (RPI) measurement to annualised consumer price index (CPI) could have saved businesses £161m last year, according to the Grimsey Review.
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NewsShop price inflation falls at fastest rate in more than six years
Shop price inflation fell 0.5% in July, representing the steepest fall in six-and-a-half years as fashion retailers cut prices for the summer Sales.
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NewsHouse of Lords calls for end to Amazon-style tax avoidance
The House of Lords has said the UK faces losing “much-needed revenue” to multinationals whose tax affairs are under the microscope.
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AnalysisZero hours contracts: What do retailers need to know?
Sports Direct employs the majority of its staff on zero hours contracts, it emerged today. Retail Week takes a look at what the pros and cons are to these casual contracts.
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NewsHammerson boss calls for review of 'crazy and outdated' rates system
The boss of one of the UK’s largest landlords, Hammerson chief executive David Atkins, has branded business rates as “crazy”, joining the growing chorus of top business leaders calling for a review.
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NewsRetail sales grow for the first time in five months as department stores sales surge
Retail sales increased for the first time in five months in July driven by the hot weather and summer Sales with department stores enjoying their strongest growth rate in 30 years.
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AnalysisCard interchange charges: What do retailers need to know?
Retailers are set to save £362m each year after the European Commission laid out proposals to cap processing charges from banks and card companies. Retail Week takes a look at what it means.
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NewsCredit Suisse discriminated against top retail analyst Tony Shiret
One of the City’s best known analysts, Tony Shiret, was unfairly dismissed and suffered age discrimination by employer Credit Suisse, a tribunal has ruled.
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NewsRetail giants Asda, Next, B&Q and Arcadia sue Visa over excessive card fees
Retail giants including Asda, Next, B&Q and Sir Philip Green’s Arcadia are suing Visa to recoup 10 years worth of excess debit and credit card processing fees, it is understood.
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AnalysisAnalysis: The economy - evidence for and against a recovery
The economy grew by 0.6% in the second quarter and, with positive employment, consumer confidence and manufacturing data emerging, pundits claim the UK could be edging towards a recovery. Retail Week looks at the evidence.
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NewsRising retail jobs in second quarter indicate consumer recovery
The retail sector has rallied to deliver the “best result” in terms of job creation since 2009, indicating that consumer recovery is gathering pace.
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NewsEuropean Commission confirms "landmark" cap on credit card processing fees
The European Commission has confirmed plans to implement a “landmark” cap on credit card processing fees which cost retailers £850m each year.
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NewsOnline tax slammed by Next chief executive Simon Wolfson
Next boss Simon Wolfson claims an online sales tax would be an “extremely backward step” that could wipe out many digital start-ups. His views come as retail bosses slam the proposed tax in a letter to the Government.
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NewsOne in seven English businesses summoned to court over missed rates payments
One in seven business premises in England were summoned to appear in court last year after falling behind on business rates payments, according to estimations from the Grimsey high street review.
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AnalysisRival Bangladesh safety schemes: What do retailers need to know?
Following the launch of the safety Accord, US retailers have formed an alliance to tackle factory conditions in Bangladesh.
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OpinionComment: Tax should be about law, not morality
Justin King said recently: “Tax is a moral issue…Trust is a moral issue and you can’t claim to hold a trustworthy space on any issue, including tax, by just saying ‘I’m operating within the law’.
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NewsMary Portas to face questions in Westminster over high street review
Retail expert Mary Portas will face questions from a select committee in September over the progress of her work to help struggling high streets.
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NewsMPs slam ‘slow pace’ of horse meat investigation
MPs have signalled frustration at the pace of the investigation into the horse meat scandal in the UK with no one prosecuted exactly six months since the crisis first erupted.
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NewsJune footfall edges up 0.1% as promotions and warm weather boosts shopper visits
June footfall edged up 0.1% year-on-year, an increase on a 0.7% decline in May as retailers cut prices and the warmer weather helped drive shoppers into stores.
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OpinionComment: Business rates - The fight for rates reform continues
After the disappointment of the Budget in March this year, efforts by the retail industry to force an overhaul of the business rates regime are once again picking up momentum.