Budget

Chancellor cuts NI by a further 2p as part of Spring Budget

Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance, falling from 10% to 8% from 6 April,…

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What are the effects of VAT taxes on the tourism industry?

The term “tourism tax” has recently been used to refer to taxes imposed on goods and services supplied to international…

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Retail sales underperform in February

UK total retail sales rose by 1.1% year-on-year during the four-week period ended 24 February, against a growth of 5.2%…

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M&S CEO calls for business rates and apprenticeship levy reform

M&S CEO Stuart Machin has publicly called for Chancellor Jeremy Hunt to introduce reforms to business rates and the apprenticeship…

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Retail records fifth consecutive month of negative sales, BDO finds

Total in-store and online sales have dropped -1.3% in February, marking the fifth consecutive month of negative sales results, according…

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Shop price inflation drops to 2.5% in February

Shop price annual inflation eased to 2.5% in February, down from 2.9% in January, new figures from the BRC have…

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Today’s news in brief-26/2/24

Frasers Group has announced the appointment of four new directors to its board, signalling a significant restructuring move. Among the…

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Tourist tax unlikely to be scrapped in Spring Budget

Tourist tax is unlikely to be overturned in the Spring Budget despite recent campaigning from UK retailers, The Times has…

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Zara owner expands budget brand Lefties in bid to rival Shein

Zara owner Inditex is reportedly expanding its low-priced, Gen Z-focused brand Lefties in a bid to be competitive against fast…

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Consumer confidence falls in February

UK consumer confidence dropped two points in February to -21, according to GfK’s long-running index. The survey revealed that four…

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