Autumn Budget means there will be a 140% tax rise for 250,000 high street firms next April - London Business News | Londonlovesbusiness.comThe reduction of business rates discount will significantly raise bills for retail, hospitality, and leisure firms in England from April 2025.
B&Q owner Kingfisher urges Reeves to rethink tax rises for retailersThe retail sector, like tech firms, deserves tax consideration and reform amid rising costs from national insurance and business rates.
Retail footfall 'limped to the finish line in December' for the second consecutive year - London Business News | Londonlovesbusiness.comUK retail footfall declined for the second consecutive year, with shoppers gravitating towards retail parks instead of high streets during December 2023.
Autumn Budget means there will be a 140% tax rise for 250,000 high street firms next April - London Business News | Londonlovesbusiness.comThe reduction of business rates discount will significantly raise bills for retail, hospitality, and leisure firms in England from April 2025.
B&Q owner Kingfisher urges Reeves to rethink tax rises for retailersThe retail sector, like tech firms, deserves tax consideration and reform amid rising costs from national insurance and business rates.
Retail footfall 'limped to the finish line in December' for the second consecutive year - London Business News | Londonlovesbusiness.comUK retail footfall declined for the second consecutive year, with shoppers gravitating towards retail parks instead of high streets during December 2023.
Help for high streets to be paid for by hospitals, universities and even police stations - London Business News | Londonlovesbusiness.comThe Government's new levy to aid high street firms may unfairly burden public sectors like NHS hospitals and lead to wider implications than intended.
CPI Figures at 1.7% announced today mean businesses due to pay an extra 500 million in rates bills next April - London Business News | Londonlovesbusiness.comBusiness rates in England and Wales are set to rise significantly, posing sustainability issues for various sectors of the economy.
Retailers warn the Chancellor's Budget will lead to tens of thousands of 'job losses' - London Business News | Londonlovesbusiness.comRetailers warn of 300,000 job losses due to government policy changes affecting business rates and national insurance contributions.
Thousands of businesses face 140% rises in rates bills when government policy to reduce reliefs takes effect - London Business News | Londonlovesbusiness.comLabour's business rates policy will significantly increase financial pressure on high street businesses, potentially leading to thousands of closures.
Help for high streets to be paid for by hospitals, universities and even police stations - London Business News | Londonlovesbusiness.comThe Government's new levy to aid high street firms may unfairly burden public sectors like NHS hospitals and lead to wider implications than intended.
CPI Figures at 1.7% announced today mean businesses due to pay an extra 500 million in rates bills next April - London Business News | Londonlovesbusiness.comBusiness rates in England and Wales are set to rise significantly, posing sustainability issues for various sectors of the economy.
Retailers warn the Chancellor's Budget will lead to tens of thousands of 'job losses' - London Business News | Londonlovesbusiness.comRetailers warn of 300,000 job losses due to government policy changes affecting business rates and national insurance contributions.
Thousands of businesses face 140% rises in rates bills when government policy to reduce reliefs takes effect - London Business News | Londonlovesbusiness.comLabour's business rates policy will significantly increase financial pressure on high street businesses, potentially leading to thousands of closures.
M&S boss says UK retailers being raided like a piggy bank' over planned tax risesStuart Machin urges UK government to delay tax and recycling charge changes to protect the retail sector from significant cost increases.
West End retailers warn of shop closures as business rates surgeNew business rate reforms in London's West End could lead to store closures and job losses due to a £44.5 million hike in property bills.
M&S boss says UK retailers being raided like a piggy bank' over planned tax risesStuart Machin urges UK government to delay tax and recycling charge changes to protect the retail sector from significant cost increases.
West End retailers warn of shop closures as business rates surgeNew business rate reforms in London's West End could lead to store closures and job losses due to a £44.5 million hike in property bills.
Hundreds of pubs call last orders for the last time amid Labour's cost pressures - London Business News | Londonlovesbusiness.comThe number of pubs in England and Wales has fallen below 39,000 due to cost pressures, marking a significant decline since 2020.
High street bosses warn there could be just losses if there is business rate rise - London Business News | Londonlovesbusiness.comRising business rates linked to inflation may lead to job cuts and reduced hours for hospitality and retail sectors.
Autumn Budget is a dismal day for the high street - London Business News | Londonlovesbusiness.comThe Chancellor's measures fall short, lacking meaningful reform and posing risks to the retail and hospitality sectors.
Pubs and restaurants warn of closures if taxes rise and business rates relief endsHigher taxes and ending business rates relief could jeopardize many pubs and restaurants, threatening employment and investment during a critical holiday season.
Slashing business rates relief for retail, hospitality and leisure businesses 'is madness' - London Business News | Londonlovesbusiness.comThe decision to reduce relief for businesses is detrimental, risking closures and leading to job losses.
Hospitality business rates set to quadruple without government intervention in springThe UK hospitality sector faces a £900 million hit when business rates relief ends in Spring 2024, risking widespread closures without reform.
Hundreds of pubs call last orders for the last time amid Labour's cost pressures - London Business News | Londonlovesbusiness.comThe number of pubs in England and Wales has fallen below 39,000 due to cost pressures, marking a significant decline since 2020.
High street bosses warn there could be just losses if there is business rate rise - London Business News | Londonlovesbusiness.comRising business rates linked to inflation may lead to job cuts and reduced hours for hospitality and retail sectors.
Autumn Budget is a dismal day for the high street - London Business News | Londonlovesbusiness.comThe Chancellor's measures fall short, lacking meaningful reform and posing risks to the retail and hospitality sectors.
Pubs and restaurants warn of closures if taxes rise and business rates relief endsHigher taxes and ending business rates relief could jeopardize many pubs and restaurants, threatening employment and investment during a critical holiday season.
Slashing business rates relief for retail, hospitality and leisure businesses 'is madness' - London Business News | Londonlovesbusiness.comThe decision to reduce relief for businesses is detrimental, risking closures and leading to job losses.
Hospitality business rates set to quadruple without government intervention in springThe UK hospitality sector faces a £900 million hit when business rates relief ends in Spring 2024, risking widespread closures without reform.
2.66 billion looming tax hike for Retail, hospitality and leisure firms in England - London Business News | Londonlovesbusiness.comRetail, Leisure & Hospitality sectors will face a £2.66 billion annual increase in business rates due to upcoming tax hikes.
Labour's promise to save the high street by increasing rates bills of bigger businesses will misfire for UK economy - London Business News | Londonlovesbusiness.comThe UK Government's new business rates legislation could jeopardize economic growth and burden larger retailers.
Virgin StartUp identifies three key areas that will affect small businesses and start-ups in the UK from the Budget - London Business News | Londonlovesbusiness.comSmall businesses feel burdened by new tax changes and lack reassurance for growth in the current economic climate.
2.66 billion looming tax hike for Retail, hospitality and leisure firms in England - London Business News | Londonlovesbusiness.comRetail, Leisure & Hospitality sectors will face a £2.66 billion annual increase in business rates due to upcoming tax hikes.
Labour's promise to save the high street by increasing rates bills of bigger businesses will misfire for UK economy - London Business News | Londonlovesbusiness.comThe UK Government's new business rates legislation could jeopardize economic growth and burden larger retailers.
Virgin StartUp identifies three key areas that will affect small businesses and start-ups in the UK from the Budget - London Business News | Londonlovesbusiness.comSmall businesses feel burdened by new tax changes and lack reassurance for growth in the current economic climate.
Homebase's 5 million tax rebate delay revealed as 74 stores go up for sale - London Business News | Londonlovesbusiness.comHomebase's collapse was exacerbated by unresolved tax appeals and financial difficulties.
250,000 high street firms face 300% tax rise from next April - London Business News | Londonlovesbusiness.comBusiness rates for over 250,000 high street premises in England will rise dramatically due to inflationary changes and loss of discounts.
Labour's Budget will cost Sainsbury's 140 million and lead to higher inflation - London Business News | Londonlovesbusiness.comSainsbury's faces a £140 million cost increase due to the Autumn Budget, leading to higher inflation concerns.
250,000 high street firms face 300% tax rise from next April - London Business News | Londonlovesbusiness.comBusiness rates for over 250,000 high street premises in England will rise dramatically due to inflationary changes and loss of discounts.
Labour's Budget will cost Sainsbury's 140 million and lead to higher inflation - London Business News | Londonlovesbusiness.comSainsbury's faces a £140 million cost increase due to the Autumn Budget, leading to higher inflation concerns.
Employment allowance rise welcome from Chancellor in tax-raising Budget - London Business News | Londonlovesbusiness.comThe Budget's increased employment allowance and support for small businesses signal a proactive approach to strengthen the economy.
Owner of popular Hackney pub warns independents in danger from taxes and red tapePubs in Hackney fear a business rates rise, fearing closures if current financial challenges continue.
50 pubs a month 'vanished' during the first six months of the year - London Business News | Londonlovesbusiness.comOver 50 pubs a month are closing in England and Wales, totaling 472 closures in a year.Upcoming property tax increases are poised to further threaten the viability of existing pubs.
Owner of popular Hackney pub warns independents in danger from taxes and red tapePubs in Hackney fear a business rates rise, fearing closures if current financial challenges continue.
50 pubs a month 'vanished' during the first six months of the year - London Business News | Londonlovesbusiness.comOver 50 pubs a month are closing in England and Wales, totaling 472 closures in a year.Upcoming property tax increases are poised to further threaten the viability of existing pubs.
Over 1,500 retailers could see rates bill cut by up to 33 million a year - London Business News | Londonlovesbusiness.comBusiness rates for City of London shops could drop by £33 million annually due to a recent tribunal ruling.The Valuation Tribunal significantly reduced rateable values for retail properties, affecting over 1,500 shops.
Navigating Tax Obligations for Your Business: Essential InsightsUnderstanding tax obligations is vital for UK businesses to ensure compliance and avoid pitfalls.
Labour vows to 'pull up shutters' for small businessLabour promises support for small businesses and entrepreneurs if elected.
Dragon Den's star hails Labour's business energy plan as 'absolutely brilliant' - London Business News | Londonlovesbusiness.comLabour pledges to create a fairer business rates system to support small businesses and improve economic stability.
Labour vows to 'pull up shutters' for small businessLabour promises support for small businesses and entrepreneurs if elected.
Dragon Den's star hails Labour's business energy plan as 'absolutely brilliant' - London Business News | Londonlovesbusiness.comLabour pledges to create a fairer business rates system to support small businesses and improve economic stability.
80 pubs a month call last orders amid 'continuing high costs of doing business' - London Business News | Londonlovesbusiness.comHigh number of pub closures highlights financial challenges in the sector.