Spring Budget 2024: Tourist tax under review ahead of next week’s statement UK Politics The so-called ‘tourist tax’ is under review ahead of the Spring Budget, according to reports, indicating the Treasury could ditch the policy.
Fried chicken and Parker pens: A day at Labour’s business bonanza UK Politics “I think this is the only job where you can get some positive press just by eating a few prawn cocktails and having some nice dinners.”
Central London Alliance calls on Treasury to reinstate tax-free shopping and generate an estimated £10 billion CITY TALK Ahead of the budget announcement on 6 March 2024, Central London Alliance (CLA) has submitted a proposal calling for the Treasury to reinstate tax-free shopping in efforts to help the retail sector recover from post-pandemic challenges. CLA backs requests by the retailers to reintroduce the scheme allowing foreign visitors to the UK to shop tax-free. [...]
Luxury retailer Julian Charles forced into the red by rising costs January 24, 2024 Rising costs forced luxury bedding and homewares retailer Julian Charles into the red during its latest financial year.
‘A cruel blow’: Loungers boss bemoans Hunt’s lack of business rates support for larger firms November 28, 2023 The boss of Loungers has criticised chancellor Jeremy Hunt’s decision to not extend business rates relief to larger firms, describing it as a “cruel blow”. Speaking to City A.M, the chief of the casual dining chain, Nick Collins, said: “It’s going to add to the inflationary pressure, at a time when hospitality really struggled with [...]
Misery for London retailers as they face £575m business rates bill November 27, 2023 Retail properties in London could be faced with an extra £575.55m in business rates next year as they are not eligible for support measures.
Business budget: Hunt vows to cut taxes and boost investment by £20bn a year by 2030 November 21, 2023 Jeremy Hunt has vowed to boost business investment by £20bn a year by 2030 ahead of the Autumn Statement.
Business cheers news that investment tax break could be permanent November 5, 2023 Business groups have welcomed the news that Jeremy Hunt is considering making £10bn investment tax break permanent as part of this month’s Autumn statement.
Badenoch: Too many British firms put virtue signalling over profit November 2, 2023 A row has broken out after Labour criticised Kemi Badenoch’s claim that businesses “fear the entrepreneurial” and focus too much on 'virtue' rather than profit
Businesses’ payroll bill to soar by £300m as London living wage increases October 23, 2023 Payroll costs in the capital are set to soar by over £300m as the London living wage increases by a tenth. Businesses signed up to the voluntary scheme will see their salary expenditure go up by £304,200,000 after the rate jumps from £11.95 an hour to £13.15 for 130,000 employees. Firms accredited include half the [...]