Business Rates
This coverage examines business rates policy and its implications for the UK retail sector. Reporting focuses on government decisions, reforms, rate relief measures, and their impact on store operations, profitability, and investment decisions. Tailored for retail executives and managers, it provides analysis to help navigate costs, advocate for change, and plan effectively in response to fiscal pressures.
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Oct- 2025 -9 OctoberHigh Street
Shoplifting surge a ‘low-level war’ on high streets, warns Iceland chair
Britain’s rise in shoplifting has become a “low-level war going on every day”, Iceland chair Richard Walker has said, urging retailers and the government to treat the problem as a serious threat to the high street. Speaking at the Financial Times’ Future of Retail conference, Walker said that thefts were…
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2 OctoberHigh Street
Reeves set to scale back business rates plans for large retailers
Chancellor Rachel Reeves is reportedly planning to scale back plans to raise business rates on big retailers after warnings it could push up food prices, according to the Financial Times. The news comes after the Treasury had planned to put properties worth more than £500,000 into the highest tax band…
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Sep- 2025 -23 SeptemberHigh Street
BRC warns food inflation could stay above 5% until 2026
The British Retail Consortium (BRC) has warned that food inflation could remain above 5% well into 2026 if the retail industry faces further tax rises in the Autumn Budget. The trade body said around 4,000 large shops could see higher bills under a government proposal to impose a new business…
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19 SeptemberEconomy
Retail sales rise as sunshine and rate cuts boost August trading
Retail sales rose in August, closing out the summer on a stronger footing, according to new data from the Office for National Statistics (ONS). The ONS Retail Sales Index showed a 3% year-on-year increase in sales by value and a 1.2% rise in sales by volume, marking the third consecutive…
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17 SeptemberEconomy
Inflation holds steady at 3.8% but food prices on the rise
Inflation held steady last month, with a reported rise of 3.8% in the 12 months to August 2025, unchanged from July’s figures. According to the Office for National Statistics (ONS), the August and July figures mark the joint-highest recorded since January 2024, when the rate was 4.0%. It comes as…
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12 SeptemberHigh Street
400 large stores at risk under new business rates proposals, BRC finds
Around 400 large-format stores are at risk of closure, if they are included in the Government’s new business rates surtax on premises with a rateable value over £500,000, according to the British Retail Consortium (BRC). The BRC anticipates that if all 400 at-risk stores were to close, up to 100,000…
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Aug- 2025 -26 AugustHigh Street
Business rates ‘double hit’ to cost English firms £2.5bn
Businesses the length and breadth of England are “staring down the barrel” of a £2.5bn hike in property taxes from April 2026, as inflation and a new government stealth tax will combine to drive up business rates bills, according to analysis by global tax firm Ryan. A nationwide revaluation of…
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26 AugustEconomy
Shop price inflation hits 18-month high in first week of August
Shop price inflation increased to 0.9% year on year in the week ended 7 August, an 18-month high, according to data from the British Retail Consortium. This increase came against growth of 0.7% in July and was above the three-month average inflation of 0.6%, driven by price hikes across butter,…
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22 AugustHigh Street
Retail bosses urge chancellor to cut industry tax burden in Budget
More than 60 retail leaders have written to the chancellor ahead of the Autumn Budget, warning that rising costs are driving up prices and threatening jobs. Chief executives from companies including Tesco, Sainsbury’s, Aldi, Asda, Boots and Ikea signed the letter, which calls for a reduction in business rates for…
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21 AugustEconomy
Consumer sentiment improves slightly but remains in ‘doldrums’, BRC finds
Consumer expectations for the next three months improved marginally in August but remain historically low, according to the latest data from the British Retail Consortium (BRC) and Opinium. Expectations for the state of the economy rose slightly to -32, up from -33 in July. Views on personal finances also improved…
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