Reeves’ £25bn national insurance tax raid has arrived. What happens now? April 6, 2025 Sorry, Lionel Richie. Businesses aren’t feeling easy like a Sunday morning. The new tax year is here. And Chancellor Rachel Reeves’ £25bn national insurance tax raid has fallen on thousands of firms. From today, employers will pay a tax rate of 15 per cent on salaries above £5,000, down from £9,100 previously. This secondary threshold [...]
Food inflation to hit 4.2 per cent in 2025 as cost pressures loom, BRC warns January 9, 2025 According to projections from the BRC, food prices will rise by an average of 4.2 per cent in the second half of 2025.
Retailers warn of ‘inevitable’ job losses and price rises after budget tax hikes November 13, 2024 Retail bosses warned that they will be forced to hike prices and cut jobs due to the government’s tax hikes, as the sector braces for a substantial increase in employment costs. In a draft letter to the Chancellor, coordinated by the British Retail Consortium (BRC), retail bosses warned that job losses were “inevitable” and higher [...]