Business Rates

Inflation hits new 40-year high at 10.1%

Inflation has once again broken records with a new 40-year high recorded last month, as the Consumer Price Index (CPI)…

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Rishi Sunak commits to reducing business rates if elected PM

Rishi Sunak has vowed to slash business rates this autumn during the Conservative leadership debate at the Darlington Hippodrome theatre.…

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Retail Jobs Alliance calls on next PM to reduce business rates

The Retail Jobs Alliance, a coalition of retailers including Morrisons, Greggs and Tesco, has called on both Rishi Sunak and…

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Shop vacancies fall for third quarter in a row

In the second quarter of 2022, the overall GB vacancy rate decreased to 14.0%, which was 0.1 percentage points better…

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Iceland boss calls for next PM to rethink business rates

Iceland has joined in the call for Tory leadership candidates to rethink “outdated” business rates as the company’s managing director,…

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Transitional relief could cost retailers over £1bn, BRC warns

Retailers have warned that the failure to fix the “flawed” Transitional Relief system could cost the industry over £1bn between…

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Currys warns of ‘uncertain’ outlook despite profit rise

Currys has warned that its outlook for consumer spending is “uncertain”, despite reporting that pre-tax profits jumped 19% year-on-year from…

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Asda joins retailers in rejecting online sales tax

Asda has reportedly told the government that introducing an online sales tax (OST) will harm retailers and shoppers that are…

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Asos and Curry’s among retailers to warn Sunak against OST

A group of 11 retailers, including Asos, Currys, and Gymshark, have reportedly urged the government to abandon plans for an…

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M&S warns chancellor of potential ‘damage’ of online sales tax

Marks and Spencer has penned a letter to the chancellor warning of the potential damage an online sales tax would…

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