M&S CEO and Sainsbury’s Boss Criticize Potential Tax Increases, Urge Government to Focus on Growth Agenda
M&S CEO Stuart Machin accuses the government of taking the easy way out with potential national insurance tax increases,...
business rates
Retail Giants Urge Government to Reform Business Rates System
In an open letter to Chancellor Rachel Reeves, over 70 retail executives from major companies like M&S, Primark, Poundland,...
Sainsbury’s CEO Urges Government Action Amid Cost-of-Living Crisis Impact on Consumer Spending
Sainsbury's CEO Simon Roberts warns that Brits facing the cost-of-living crisis may not resume spending until the new Labour...
Amazon UK Pays Corporation Tax After Ending Tax Break
Amazon's main UK division has paid corporation tax for the first time since 2020, reporting £18.7 million in "current...
Retail Industry Overburdened by Taxes, Says BRC
In a recent study by the British Retail Consortium (BRC), it was found that the retail industry pays 7.4%...
Primark’s Shoplifting Losses Outpace Business Rates Payment, CEO Says
In a shocking revelation, Primark's boss George Weston has disclosed that shoplifting losses are now costing the fashion retailer...
CBI Urges Government to Modernize Business Rates System for Economic Growth
CBI CEO Rain Newton-Smith urges the government to fix England's "antiquated" business rates rules to boost investment and grow...
UK Retail News Roundup: Asda’s Struggles and Safety Measures at Pret A Manger
Asda's chair, Lord Rose, expresses embarrassment over a 5.3% drop in sales and a decline in market share, suggesting...
UK Retail Industry at Risk: 17,000 Stores and Jobs on Line Without Business Rates Overhaul
Sainsbury's CEO Simon Roberts and Usdaw general secretary Paddy Lillis warn that over 17,000 UK stores could close in...
Superdrug CEO Calls for Business Rates Reform and Support in New Labour Government’s Agenda
Superdrug CEO Peter Macnab urges the new Labour government to reform business rates, calling it an "unfair burden on...