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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Oct- 2024 -23 OctoberEconomy
M&S boss calls tax rises ‘the easy way out’ ahead of budget
M&S CEO Stuart Machin has accused chancellor Rachel Reeves of “taking the easy way out” amid reports she is considering a slew of tax increases in the budget. In an open letter written in The Times, Machin stated that he hoped reports of an increase in employer national insurance contributions…
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23 OctoberGovernment
Chancellor considers Amazon tax in bid to boost British high streets
Chancellor Rachel Reeves is reportedly mulling plans to impose higher taxes on Amazon as part of a shake up that aims to level the playing field between online giants and in-store retailers. According to The Telegraph, the chancellor is believed to be reviewing the business rates paid by companies like Amazon,…
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14 OctoberNews-In-Brief
Today’s news in brief-14/10/24
Mulberry’s majority shareholder has rejected an increased bid from Frasers Group, which had offered £111m to take control of the luxury fashion brand. Frasers, already owning 37% of Mulberry, raised its offer to 150p per share after a previous £83m bid was turned down. However, Mulberry’s majority shareholder, Challice, expressed…
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14 OctoberHigh Street
Retailers urge chancellor to apply Retail Rates Corrector
More than 70 retail CEOs have urged chancellor Rachel Reeves to ease business rates amid warnings that a £2.7bn tax would hit retailers, leisure and hospitality firms, The Guardian has reported. In an open letter coordinated by the British Retail Consortium, CEOs have called on the government to introduce a…
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Jul- 2024 -11 JulyEconomy
UK economy beats expectations as GDP jumps 0.4%
UK gross domestic product (GDP) beat expectations in May, increasing 0.4%, as a result of better weather, according to data from the Office for National Statistics (ONS). An unseasonably wet April dented consumer sentiment and hurt construction leading to the slight increase. Construction grew at the fastest rate in almost…
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Jun- 2024 -10 JuneNews
Today’s news in brief-10/6/24
Labour has pledged to overhaul the business rates system if it wins the upcoming general election. The party aims to create a fairer system that supports small businesses and high streets while ensuring that large multinationals and tech companies pay their fair share. Shadow Chancellor Rachel Reeves highlighted the need…
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10 JuneHigh Street
Labour vows to overhaul business rates system
The Labour party has vowed to overhaul the current business rates system should it be victorious in the general election. The party stated that it would replace the current system with a new system that will “level the playing field between the high street and online giants”. Shadow chancellor Rachel…
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Sep- 2022 -26 SeptemberEconomy
Pound plunges to historic low
The pound has plummeted to an all-time low against the dollar following the sweeping tax cuts announced by chancellor Kwasi Kwarteng in last week’s mini-budget. At one point the pound plunged by nearly 5% to stand at $1.0327, its lowest point since Britain went decimal in 1971. It later recovered…
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Mar- 2020 -25 MarchSport & Leisure
Government urges Sports Direct and JD Wetherspoon to support employees
Boris Johnson has warned Sports Direct CEO Mike Ashley to “expect consequences” if he does not follow the recent guidelines amid the coronavirus outbreak. Newcastle Central MP Chi Onwurah raised the question during today’s Prime Minister’s Questions after reports that Ashley was still asking employees to still come to work…
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Aug- 2018 -2 AugustGovernment
Businesses with over 50 employees asked to publish gender pay results
A report by the business, energy and industrial strategy committee has called on government to ask businesses publish gender pay gap data to those with over 50 employees. The report recommends a “widening of the net of companies” required to report and for companies to be required to publish action…
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