Inflation Surprise Sends Ripples Through Business Confidence as Industry Ramps Up Calls for Government Action
UK inflation has surged to 3.6% in the year to June — a sharp rise from May and well above the Bank of England’s 2%…
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Retail
UK Inflation Rises to 3.5% – Highest for a Year
A sharp rise in utility costs has driven the UK’s inflation rate to its highest level in over a year, with April’s figure climbing to…
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Consumer Card Spending Increases 4.5 Per Cent In April, As Sunshine And Easter Weekend Boost Hospitality
Consumer card spending grew 4.5 per cent year-on-year in April – the greatest uplift seen since June 2023, and above the most recent CPIH inflation…
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New Business Rates Reform Law A ‘Landmark Moment’
The Government has passed new legislation imposing up to 20% on rates bills for larger property occupiers in England from 1 April 2026, despite objections…
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Hospitality Investment Shows Need To Adapt Industrial Strategy
A multi-billion-pound investment in a major new Universal theme park and resort in Bedford has been agreed between Universal, the government and the local council,…
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Small Business Confidence Remains Sluggish as Scale of Rising Cost Crisis Revealed
New data from the Federation of Small Businesses (FSB) reveals that small firms’ confidence levels are in a rut amid a rising tide of costs…
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UK Economy Saw Unexpected Contraction in January
The UK economy saw an unexpected contraction of 0.1% in January, raising concerns for businesses and policymakers alike ahead of the Chancellor’s upcoming Spring Statement….
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Areas Hardest Hit by Labour’s £1 BILLION Cut in Retail, Leisure & Hospitality Tax Discounts
The slashing of business rates discounts for embattled high streets, the length and breadth of England, will cost an extra £1.03 billion in tax for…
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Colliers Forecast Further Carnage on the High Street –As Rates Set to Rise
Thousands of Businesses Face 140% rises in Rates Bills when Government Policy to Reduce Reliefs Takes Effect in April “The Labour Government’s business rates policies…
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Private Sector Expects Steep Decline in Activity into 2025
Private sector firms expect activity to fall in the three months to March (weighted balance of -24%), according to the CBI’s latest Growth Indicator. Expectations…
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Chancellor Urged To Cancel April Business Rates Increases And Bring In Business Rates Reform.
“The Chancellor must cancel the business rates rises due next April when she announces her Autumn Budget next week, if she is truly serious about…
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Registered Company Insolvencies Increase To 1,973, As Of September 2024
The number of registered company insolvencies across the UK has reached 1,973, reflecting an increase of 2% compared to August 2024. Oliver Collinge, Director at…
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300% Tax Rises For 250,000 High Street Firms Next April
Inflationary tax rises based upon September’s Consumer Prices Index (CPI) measure of inflation, the headline rate of inflation, coupled with the loss of the 75%…
Read more...£2.66 BILLION Looming Tax Hike For Leisure & Hospitality Firms In England
Retail, Leisure & Hospitality firms’ the length and breadth of England are set to pay an eye watering £2.66 Billion a year more in business…
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Limited Growth For Hospitality Barclays Consumer Growth Report Reveals
Consumer card spending increased 1.2 per cent year-on-year in September, after returning to growth in August, but remained lower than the latest CPIH inflation rate…
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