Liz Truss
This coverage explores how Liz Truss’s policies, statements, and actions have influenced the UK retail sector, offering insights for executives, managers, and industry professionals. Reporting includes analysis of economic policy, business rates, trade agreements, employment regulation, and government initiatives that have affected retail operations, strategy, and market conditions during and after her tenure.
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Sep- 2022 -1 SeptemberGovernment
Truss in talks to further cut business rates amid rising costs
Liz Truss has reportedly entered discussions with industry lobbyists over plans to further cut business rates. According to The Telegraph, the frontrunner in the Tory leadership campaign could extend business rates relief to more premises in order to protect them from the rising energy costs they face. Reports said the…
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Aug- 2022 -17 AugustFeatures
The business pledges of the Conservative leadership finalists
Business Rates On 9 August, the Retail Jobs Alliance, a coalition of retailers including Morrisons, Greggs and Tesco, called on both Sunak and Truss to pledge to cut business rates which are charged on most non-domestic properties, such as shops, offices, pubs, warehouses, factories, and holiday rental homes or guest…
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11 AugustGovernment
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. The former chancellor committed to extending the current 50% reduction in his first budget as prime minister, saying that small retailers are the “beating hearts of all our communities”. Sunak…
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9 AugustGovernment
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 Liz Truss to pledge to cut business rates, which it said were “killing our high streets”. The group, also consisting of Co-op, Kingfisher,, RivingtonHark, Sainsbury’s, and Waterstones, said it feared…
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5 AugustEconomy
Tax cuts won’t solve economic crisis, says Next CEO
Simon Wolfson, the chief executive of fashion retailer Next, has claimed that inflationary pressures can only be tackled by increasing the supply of goods and workers as tax cuts will not solve the challenges facing the British economy, according to The Telegraph. The Telegraph reported that Wolfson also predicted that…
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5 AugustGovernment
UK recession can be averted, claims Truss
In an interview with Sky News’s Kay Burley last night (4 August), foreign secretary Liz Truss claimed she could avert a recession if she wins the leadership contest. The claim comes after the Bank of England projected that the UK would enter a recession in this year’s fourth quarter, with…
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Mar- 2021 -23 MarchEconomy
Gov to create hubs to boost international trade
The Department for International Trade (DIT) has announced the creation of four new trade and investment hubs which will channel the economic benefits of international trade directly into Scotland, Wales, Northern Ireland, and the North of England. The trade hubs in Edinburgh, Cardiff, Belfast and a new site in Darlington,…
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Mar- 2020 -25 MarchCoronavirus
Covid-19: Government suspends gender pay gap reporting
The Government Equalities Office (GEO) and the Equality and Human Rights Commission (EHRC) has taken the decision to suspend enforcement of the gender pay gap deadlines for this reporting year (2019/20) due to the coronavirus outbreak. The GEO and EHRC said the decision means there will be no expectation on…
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