Spring Budget

Spring Budget 2025: what it means for the retail industry

The UK retail sector has been navigating a volatile economic landscape, with rising operational costs, shifts in consumer spending, and…

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End of tax-free shopping hitting retail hard, warns Kurt Geiger CEO

Kurt Geiger’s CEO has warned that scrapping tax-free shopping for tourists is having a “massively negative effect” on retail in…

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Retail bosses lose confidence in tax-free shopping return

Retail bosses have reportedly warned the government that the decision not to restore tax-free shopping for international tourists will have…

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How can the physical retail sector win its battle to survive?

It is well known that the high street is battling for survival. Insolvency statistics released this month show a 17%…

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Today’s news in brief-7/3/24

The British Retail Consortium (BRC) criticised Chancellor Jeremy Hunt’s Spring Budget, stating that it lacked initiatives to boost investment and…

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Budget will ‘do nothing to turbocharge investment’, says BRC

The British Retail Consortium (BRC) has stated that the latest Budget announcement will “do nothing to turbocharge investment and growth…

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Chancellor cuts NI by a further 2p as part of Spring Budget

Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance, falling from 10% to 8% from 6 April,…

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What are the effects of VAT taxes on the tourism industry?

The term “tourism tax” has recently been used to refer to taxes imposed on goods and services supplied to international…

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M&S CEO calls for business rates and apprenticeship levy reform

M&S CEO Stuart Machin has publicly called for Chancellor Jeremy Hunt to introduce reforms to business rates and the apprenticeship…

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Shop price inflation drops to 2.5% in February

Shop price annual inflation eased to 2.5% in February, down from 2.9% in January, new figures from the BRC have…

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