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Analysis

What’s in store for retailers in 2024?

Amidst economic boosts and sectoral challenges, 2024 presents a dynamic landscape for UK retail after Jeremy Hunt’s autumn statement. Navigating tax cuts, wage increments, and shifting consumer patterns, businesses brace for a year of opportunities and obstacles

The announcement made by Chancellor Jeremy Hunt in the Autumn Budget has unveiled a series of measures aimed at bolstering the UK economy, with the aim to particularly benefit retail. Hunt believes that the reduction in National Insurance, the freezing of business rates, and increments in the National Living Wage present a significant financial relief scheme – but is it really that simple?

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