Government
This coverage examines government actions, policies, and regulations affecting the UK retail industry. Reporting highlights legislation, consultations, economic measures, and public statements with direct implications for retail operations, employment, taxation, and consumer behaviour. Tailored for executives and managers, it offers analysis to support strategic planning and compliance in a changing regulatory and economic environment.
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Oct- 2021 -19 OctoberDIY
IKEA UK joins sustainability partnership
IKEA UK has announced a new partnership with climate solutions charity, Ashden, for the ‘Let’s Go Zero initiative’, a coalition campaign which aims to support UK schools’ efforts to reduce their emissions and calls for government action on greening schools. The campaign will see IKEA UK help to target zero…
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14 OctoberHigh Street
Over 40 employee groups pen letter urging Sunak to cut business rates
The CBI, along with 41 trade associations spanning the UK economy, have issued a joint statement urging the chancellor Rishi Sunak to reform the business rates system and “unleash a wave of business investment across key government priorities, including net zero and levelling up”. The joint statement from businesses is…
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14 OctoberEconomy
Mid-market retailers set to continue investments, RSM say
The shift in focus to online in the mid-market retail sector is set to continue, with the majority of retailers looking to enhance their online offering, with 83% and 78% looking to increase the volume and range respectively, according to new research from RSM. The accountancy firm said the research…
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12 OctoberHigh Street
Retailers plan increased store space despite business rates challenge
Mid-market retailers are set to invest in more physical stores over the next two years in a bid to increase their store space and focus on the in-store customer experience, new research from RSM has found. Its latest survey revealed that 58% of physical retailers plan to increase their retail…
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11 OctoberGovernment
PM appoints ex-Tesco CEO Dave Lewis as supply chain adviser
The prime minister has appointed Sir David Lewis, former CEO of Tesco, as the UK Government’s supply chain adviser. The government said Lewis brings with him a “wealth of industry knowledge” and expertise to the new role. He will advise the PM and chancellor of the Duchy of Lancaster on…
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Sep- 2021 -22 SeptemberSupply Chain
Yoox Net-A-Porter doubles global inventory capacity
Yoox Net-A-Porter has opened a new single hub in Italy that will help to serve all of its Net-A-Porter and Mr Porter’s global customer base, doubling the stores’ existing inventory capacity. Located in Landriano, near Milan, Yoox Net-A-Porter said the new €47m (£40m) distribution centre represents one of its “most…
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21 SeptemberHigh Street
Four in five shops to shut without business rates reform, says BRC
Some 83% of retailers would reportedly be forced to close shops without the introduction of a business rates reform as a part of the Government’s upcoming review. According to research conducted by the British Retail Consortium (BRC), 85% of those retailers surveyed recognised business rates as either an “extremely” or…
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15 SeptemberHigh Street
BRC urges gov to act now to stop shop worker abuse
The British Retail Consortium (BRC) is calling on the government to honour the commitment it made in the House of Commons to address the issues of rising violence and abuse against shop workers and “ensure that they have better protection under the law”. The BRC has made the plea ahead…
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15 SeptemberEconomy
Inflation sees biggest jump on record in August
UK inflation saw its largest jump since records began in August, as the rate spiked to 3.2% in a 12 month period, up from 2% year-on-year in July. Despite the rate soaring past the Government’s 2% inflation target, the Office for National Statistics’ (ONS) claimed that this “is likely to…
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6 SeptemberGovernment
SRC recommends budget proposals to support retail recovery
The Scottish Retail Consortium (SRC) has published a number of recommendations for the 2022-2023 Scottish Government’s budget to support a sustainable retail recovery. Set across six key measures, the industry body has called for action to stimulate consumer spending, protect vulnerable consumers, and aid hard-pressed businesses. While the first proposal…
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