Jeremy Hunt
This coverage analyses Jeremy Hunt’s fiscal policies and their implications for the UK retail sector during his tenure as Chancellor of the Exchequer. Reporting focuses on business rates reforms, national insurance adjustments, VAT policies affecting tourism and retail, and broader economic measures — providing retail executives, financial planners, and policy stakeholders with insights into the intersection of government policy and retail industry performance.
-
Sep- 2023 -20 SeptemberEconomy
Ofgem urged to act on rates as consultation into broker fees ends
Ofgem has been urged to act on “out of contract” rates by Box Power, the same social enterprise which helped force a consultation on hidden broker fees. This comes as the consultation on transparency for energy broker fees has now ended, with Box Power CEO Corin Dalby saying the regulator…
Read More » -
11 SeptemberEconomy
Retail leaders call for business rates freeze
Leaders of major retail businesses have written to chancellor Jeremy Hunt calling for a freeze in business rates in the upcoming budget, according to the Times. The CEOs of 44 of the UK’s biggest retailers such as Aldi and Ikea believe that more than £400m would be added to rates…
Read More » -
Jun- 2023 -23 JuneAnalysis
How a 5% interest rate hike will affect trading
It was announced yesterday (22 June) by the Bank of England that interest rates will immediately increase from 4.5% to 5.%, marking the 13th consecutive hike since rates were first increased in December 2021 from a low of 0.1% to 0.25%. So far in 2023, this is the fifth consecutive…
Read More » -
5 JuneGovernment
Gov’s food price measures must target small stores, warns Which?
Which?, the consumer group has reportedly written to Jeremy Hunt claiming the government must also target small grocery stores with its food price measures in order for it to be effective. According to the Guardian, it also stated that a “blanket approach” will not address poor households’ access to affordable…
Read More » -
Mar- 2023 -15 MarchEconomy
Spring Budget: Corporation tax to rise to 25%
Corporation tax is set to rise from 19% to 25% for firms with profits over £250,000, as part of a number of measures announced in chancellor Jeremy Hunt’s Spring Budget. To help offset the corporation tax rise, Hunt also announced a provision of £9bn of “full capital expensing” which for…
Read More » -
Nov- 2022 -18 NovemberEconomy
Retail reacts: Gov has taken ‘first step to longer term reform’
The retail industry has welcomed chancellor Jeremy Hunt’s Autumn budget announcement, with the BRC saying it shows “the government has heard the concerns of retail”, despite the CBI adding it believes “businesses will think there’s more to be done on growth”. Jeremy Hunt unveiled his Autumn budget on November 17,…
Read More » -
17 NovemberEconomy
Chancellor freezes tax thresholds in Autumn statement
Chancellor Jeremy Hunt has announced a raft of measures to help “stabilise” the UK economy and reduce inflation, with tax cuts and spending cuts totalling £55bn in the Autumn statement. As part of the new measures, Hunt confirmed that tax as a percentage of GDP will rise by over 1%…
Read More » -
14 NovemberHigh Street
Retailers call on chancellor to freeze business rates
Retail bosses from some of the UK’s leading retailers – including Tesco, Sainsbury’s, Greggs and Iceland – have called on chancellor Jeremy Hunt to freeze business rates in the autumn statement, which is due to be announced on Thursday 17 November. Forming the Retail Jobs Alliance, the chief executives have…
Read More » -
Oct- 2022 -24 OctoberGovernment
Rishi Sunak to become next PM
Rishi Sunak is set to become the next leader of the Conservative party and the UK prime minister after becoming the sole candidate to surpass the threshold of 100 votes. Penny Mordaunt announced she was withdrawing from the race only minutes before the nominations deadline at 14:00 BST today (24…
Read More » -
20 OctoberGovernment
Liz Truss steps down as prime minister
Liz Truss has announced that she is standing as prime minister after a turbulent week for the government, just six weeks after taking up the premiership. The statement of her resignation was made at 13:30pm today (20 October) following a meeting between Truss and Sir Graham Brady, chairman of the…
Read More »
