Tag #Business Rates

Showing 13 to 16 of 16 results

theguardian.com

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Feb 9, 19:10

M&S CEO Urges UK Government to Delay Tax and Recycling Charges

Marks & Spencer's CEO calls for a delay or easing of planned UK tax and recycling charges, warning of a £7bn cost increase for retailers this year and claiming the retail industry is being unfairly burdened with poorly planned policies.

M&S CEO Urges UK Government to Delay Tax and Recycling Charges

Marks & Spencer's CEO calls for a delay or easing of planned UK tax and recycling charges, warning of a £7bn cost increase for retailers this year and claiming the retail industry is being unfairly burdened with poorly planned policies.

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What are the immediate economic consequences for UK retailers if the planned tax and recycling charges are fully implemented?

Marks & Spencer's CEO, Stuart Machin, urges the UK government to delay or adjust upcoming tax and recycling charges, warning of detrimental effects on the retail sector. He cites a £60 million increase in the company's costs due to planned National Insurance changes, representing half of its total wage cost increase. Machin also criticizes poorly planned recycling fees, projecting a 20-fold increase in retailer costs.

news.sky.com

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Dec 29, 19:09

UK Retail Job Losses Surge to 169,395 in 2024

The UK retail sector experienced a significant increase in job losses in 2024, with 169,395 positions lost due to business failures and cost-cutting, exceeding the 2020 pandemic levels, and is predicted to worsen in 2025.

UK Retail Job Losses Surge to 169,395 in 2024

The UK retail sector experienced a significant increase in job losses in 2024, with 169,395 positions lost due to business failures and cost-cutting, exceeding the 2020 pandemic levels, and is predicted to worsen in 2025.

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What are the primary causes behind the significant increase in retail job losses in 2024?

The increase in job losses is attributed to factors including altered consumer shopping habits, inflation, rising energy costs, and increased business rates. The collapse of 38 major retailers, including Homebase, Ted Baker, Lloyds Pharmacy, The Body Shop, and Carpetright, significantly contributed to this rise.

dailymail.co.uk

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Jan 27, 04:06

CBI Predicts Significant UK Economic Downturn

A CBI survey of 990 firms predicts a significant economic fall in the next three months due to government policies, impacting businesses and consumers negatively, following a disappointing holiday season.

CBI Predicts Significant UK Economic Downturn

A CBI survey of 990 firms predicts a significant economic fall in the next three months due to government policies, impacting businesses and consumers negatively, following a disappointing holiday season.

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What immediate impact will the predicted economic downturn have on British businesses and consumers?

The CBI, surveying 990 firms, forecasts a significant economic downturn in the next three months, citing planned price hikes and job cuts following the October Budget as key factors. This follows a disappointing holiday season for retailers, with decreased consumer spending contributing to widespread pessimism.

news.sky.com

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Dec 21, 13:09

Retailers Unite Against Planned Business Rate Hikes

Major British retailers are forming the Retail Jobs Alliance (RJA) to fight planned business rate increases exceeding £500,000, warning of job losses and store closures, especially in deprived areas, contradicting Labour's stated aim to level the playing field between high street and online retailer...

Retailers Unite Against Planned Business Rate Hikes

Major British retailers are forming the Retail Jobs Alliance (RJA) to fight planned business rate increases exceeding £500,000, warning of job losses and store closures, especially in deprived areas, contradicting Labour's stated aim to level the playing field between high street and online retailer...

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How does the planned increase in business rates contradict Labour's stated policy goals?

The RJA's opposition to the business rate increases highlights a conflict between Labour's stated aim to level the playing field between online and high street retailers and the practical implications of the proposed tax changes. The alliance, employing over a million people, argues that the increased rates disproportionately affect stores in areas reliant on retail jobs. Their analysis will show the impact on employment in these areas.

Showing 13 to 16 of 16 results