Rachel Reeves
This coverage analyses Chancellor Rachel Reeves’ fiscal policies and their implications for the UK retail sector. Reporting focuses on tax reforms, business rates adjustments, labour cost policies, and trade measures affecting retail operations and strategy. Retail executives, finance managers, and policy specialists can use these insights to understand how government decisions shape the retail business environment and inform strategic planning.
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Jan- 2025 -10 JanuaryClothing & Shoes
Shein’s London IPO to happen by mid-year
Shein is reportedly planning to list in London in the first half of the year, according to sources that have spoken to Reuters. If the move gains regulatory approval, an IPO could be completed as early as Easter on 20 April, one source said. A second source told Reuters that Shein…
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Dec- 2024 -6 DecemberSupermarkets
Morrisons CEO urges gov to rethink budget costs
Morrisons’ CEO has called on the government to stagger its “avalanche” of business costs following the latest budget.Speaking to The Sun, Rami Baitieh urged Labour to consider the costs of National Insurance changes, business rates rises and the increase in minimum wage. He told the paper that National Insurance changes…
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4 DecemberNews-In-Brief
Today’s news in brief-4/12/24
Evri has partnered with the GMB Union to secure an industry-first pay deal that guarantees self-employed couriers insurance-backed paid sick leave. Supported by over 80% of voters, the agreement also includes festive support payments of up to £950 and subsidized insurance for death, disability, accidents, and sickness. This builds on…
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4 DecemberHigh Street
Chancellor admits NI rise won’t be ‘easy’ for businesses
Chancellor Rachel Reeves has admitted that it will not be “easy” for businesses to “absorb” the rise in employers’ national insurance contributions. The change, which was announced in the autumn budget, will see employers’ NI contributions rise to 15% from April 2025. Speaking at The Yorkshire Post’s Great Northern Conference…
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Nov- 2024 -19 NovemberEconomy
Retailers warn National Insurance increase could cause job losses
A number of large retailers have warned that the National Insurance increase could cause inflation and job losses, in a letter sent to chancellor Rachel Reeves. Over 70 businesses including Tesco, Sainsbury’s, Next, Amazon, and Boots have written to Reeves, in a letter organised by the British Retail Consortium. The…
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11 NovemberSupermarkets
Tesco to face £1bn increase to NI bill following Labour’s Budget
Tesco is expecting to see an increase of £1bn in its national insurance bill over the next four years following Labour’s Autumn budget, according to the Times. The chancellor Rachel Reeves has increased Employers’ National Insurance contributions in a bid to help raise as much as £40bn in taxes, pledging…
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Oct- 2024 -31 OctoberNews-In-Brief
Today’s news in brief-31/10/24
The UK retail industry has raised concerns following Chancellor Rachel Reeves’ Autumn Budget, which aims to generate £40bn through measures like a rise in employers’ National Insurance to 15% and hikes in minimum wage rates. The British Retail Consortium (BRC) has warned that the new measures, which will add over…
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31 OctoberEconomy
Budget reaction: Retail warns that higher costs will hamper investment
The retail industry has warned that increased costs following the Autumn Budget may hit businesses hard, with retailers facing higher costs amid new measures that come into place next April, with some warning the sector will face over £2.5bn in new costs in 2025.Yesterday, chancellor Rachel Reeves announced a series…
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30 OctoberEconomy
Budget: Increases to employers’ NI and minimum wage
The chancellor Rachel Reeves has increased Employers’ National Insurance contributions in a bid to help raise as much as £40bn in taxes, pledging to also boost long-term growth and “mark an end to short term-ism” as part of Labour’s first budget since it came into power. Employers’ national insurance contributions…
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23 OctoberNews-In-Brief
Today’s news in brief-23/10/24
Chancellor Rachel Reeves is reportedly considering imposing higher taxes on Amazon as part of a broader effort to support British high streets, which have been struggling to compete with online giants. The proposed measures could come after her upcoming autumn budget, which is expected to introduce tax hikes and spending…
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