Government
The latest news, updates and analysis on the government and what it is doing that affects the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Jul- 2023 -26 July
Government delays packaging tax by a year
The Government has revealed that new rules to ensure packaging producers pay for the cost of recycling their packaging will be deferred a year from October 2024 to 2025. The Department for Environment, Food and Rural Affairs said the decision comes amid “extensive engagement with industry”, and in light of…
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Jun- 2023 -14 June
GMB invites business secretary to meet striking Amazon workers
The GMB Union has invited secretary of state for business and trade, Kemi Badenoch MP, to meet striking Amazon workers before they head to parliament today (14 June). Workers from the retail giant’s fulfilment centre in Coventry have met MPs, including members of the shadow cabinet, in their fight to…
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5 June
Gov’s food price measures must target small stores, warns Which?
Which?, the consumer group has reportedly written to Jeremy Hunt claiming the government must also target small grocery stores with its food price measures in order for it to be effective. According to the Guardian, it also stated that a “blanket approach” will not address poor households’ access to affordable…
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Feb- 2023 -22 February
Fortnum & Mason chief urges Sunak to seal NI trade deal
Fortnum and Mason chief executive Tom Athron has reportedly urged Sunak to seal a deal with Brussels on post-Brexit trade rules for Northern Ireland. He told the Financial Times that the British government needed to “invest some time improving its relationship with the EU”, and agree post-Brexit trade rules for…
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Oct- 2022 -24 October
Rishi Sunak to become next PM
Rishi Sunak is set to become the next leader of the Conservative party and the UK prime minister after becoming the sole candidate to surpass the threshold of 100 votes. Penny Mordaunt announced she was withdrawing from the race only minutes before the nominations deadline at 14:00 BST today (24…
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20 October
Liz Truss steps down as prime minister
Liz Truss has announced that she is standing as prime minister after a turbulent week for the government, just six weeks after taking up the premiership. The statement of her resignation was made at 13:30pm today (20 October) following a meeting between Truss and Sir Graham Brady, chairman of the…
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Sep- 2022 -21 September
Business energy bills to be capped under new gov scheme
The government has unveiled a new plan that is set to cap wholesale energy bills for businesses for an initial six-month period from 1 October. The Government Energy Bill Relief Scheme, unveiled today (21 September) by business secretary Jacob Rees-Mogg, will reportedly bring support for households, businesses and public sector…
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6 September
Retailers call for strong leadership and high street support from new PM
The retail industry has urged Liz Truss to work alongside the sector and provide “strong leadership” amid the deepening cost-of-living crisis, as she succeeds the role of prime minister today (6 September). The British Retail Consortium (BRC) said that while the retail industry is ready to work with the new…
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2 September
Zahawi draws up multi-billion pound tax cut package for businesses
Chancellor Nadhim Zahawi has reportedly drawn up plans for a multi-billion pound tax cut package to help businesses amid rising energy costs. According to The Times, the chancellor said the government could “learn a lesson” from the pandemic by introducing targeted reductions in VAT and business rates to help both…
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1 September
Truss in talks to further cut business rates amid rising costs
Liz Truss has reportedly entered discussions with industry lobbyists over plans to further cut business rates. According to The Telegraph, the frontrunner in the Tory leadership campaign could extend business rates relief to more premises in order to protect them from the rising energy costs they face. Reports said the…
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