Sharon White Proposes New Land Tax to Level Playing Field for Retailers
In a recent statement, John Lewis chair Sharon White urges Chancellor Rishi Sunak to replace the current business rates...
business rates
Sunak Delays Business Rates Review Amid Calls for High Street Support
Chancellor Rishi Sunak is delaying a final report on the review of business rates, which could include an online...
Amazon’s Tax-to-Turnover Ratio Drops Amidst Soaring UK Sales
Amazon's tax-to-turnover ratio dropped to 0.37% last year despite a 51% increase in UK sales, reaching $26.48 billion. Brick-and-mortar...
Retail Landlords Face Nearly £1bn in Rates on Empty Shops Despite Government Support
In a recent study by Altus Group, retail landlords have paid nearly £1 billion in business rates since the...
January Sales Plummet: CBI Reports Retailers’ Worst Month Since May 2020
In January, retailers faced their weakest sales month since May 2020, with a -50% drop from December. The Confederation...
Waterstones CEO Warns of Store Closures Without Extended Rates Relief
Waterstones CEO James Daunt warns that he may be forced to close stores without government extension of business rates...
UK Inflation Rises Post-EOTHO Scheme End, Retail Sector Hit Hardest
UK inflation rose to 0.5% in September after the end of the Eat Out to Help Out scheme, according...
Retail Tycoon Mike Ashley Warns PM Johnson of Business Rates Review Delay Impact on UK Jobs
Retail tycoon Mike Ashley warns Prime Minister Boris Johnson of "disastrous consequences" if the government doesn't review the business...
Usdaw Warns Increased Business Rates Could Endanger Retail Jobs
Usdaw, a retail trade union, has expressed major concerns over reports that the UK government is considering increasing business...
Usdaw Urges Chancellor for Retail Industry Recovery Plan
In Wednesday's economic statement, Usdaw urges the chancellor to announce an "urgent recovery plan" for the struggling retail industry....