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- 2018 -4 OctoberHigh Street
3,200 stores ‘disappear’ from high street in four years
The number of physical shops in the UK has fallen by almost 3,200 over the past four years, down 1.2% to 263,070. According to the British Retail Consortium (BRC) the reason for the decline is down to a “transformation” of the industry, driven by changes in shopping habits, new technology,…
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2 OctoberGovernment
Government invests £15m into reducing retail food waste
The government has announced a new scheme to reduce the amount of food waste generated in the UK, which is being supported by £15m of additional funding. Set to launch in 2019/20, the scheme will specifically address the issue of surplus food from retail and food manufacturing, as food waste…
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1 OctoberGovernment
New West End Company calls for £5bn business rate reduction
The New West End Company, which represents retailers in London’s West End has called for a £5bn reduction in business rates, financed by a 1% tax on online retailers. This week’s Conservative Party conference has seen representatives of the organisation lobbying for the reduction. Businesses across the West End will…
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Sep- 2018 -10 SeptemberHigh Street
August footfall down 1.6% despite some retail park growth
Retail footfall dropped by 1.6% in August despite seeing rare retail park growth in the East and South West of the UK. The figures are according to the British Retail Consortium (BRC) and Springboard’s footfall and vacancies monitor with August seeing a sharper decline than the 0.8% experienced in July,…
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4 SeptemberHigh Street
Retail sales growth slows during August
UK retail sales growth continued to slow during August as the summer boost comes to an end, according to figures from the BRC-KPMG Retail Sales Monitor. In August, UK retail sales increased by 0.2% on a like-for-like basis compared with the same period the previous year. On a total basis,…
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Aug- 2018 -30 AugustGovernment
Government to consult on the ban of energy drink sales to children
The government is seeking views from the public on ending the sale of energy drinks to children and young people in England, the prime minister has announced. The consultation proposes that a ban would apply to drinks that contain more than 150mg of caffeine per litre and prevent all retailers…
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Jul- 2018 -17 JulyGovernment
Sir John Timpson to advise government on high street future
Sir John Timpson has been appointed to chair a panel of experts to advise on how to improve the future of the British high street by high streets minister Jake Berry MP. Along with the rest of the panel, the chairman of shoe repair and key cutting chain Timpson, will…
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16 JulyHigh Street
Footfall dips for seventh consecutive month despite World Cup boost
Retail footfall dipped for a seventh consecutive month in June, despite the boost in spending brought on by the World Cup. BRC’s Footfall Springboard and Vacancies Monitor reported that year-on-year footfall for the month dropped by 0.9% The high street was the only area that delivered footfall growth, albeit marginally,…
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9 JulyEconomy
200,000 companies sued over business rates
Over 200,000 businesses were taken to a Magistrates court for failing to pay for businesses rates under the first year of the new business rates revaluation, an investigation has revealed. Real estate advisor Altus Group collated information procured under the Freedom of Information Act (FOI) from all councils in England. They were…
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2 JulyHigh Street
Estate agents join high street casualties as insolvencies rise
Around 153 estate agents have gone insolvent in the last year, up from 148 the year before, according to a new report. Accountancy firm Moore Stephens found that as the online estate agency market continues to grow, firms such as Hatched, Rightmove, Yopa and Zoopla have squeezed high street rivals.…
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