Logistics leaders warn business rates reform could drive up high street prices April 22, 2025 A coalition of logistics professionals and long-term industrial investors has warned that changes to the business rates system risks damaging the British high street by pushing up costs. The group, which includes major investors Segro, Prologis and Tritax Big Box, said that the proposal to apply a higher business rates multiplier to more valuable properties [...]
Welcome to the era of the £6 pint April 11, 2025 The average price of a pint in London is set to hit £6.06, almost £1 over the national average. Our pubs urgently need business rates reform to save jobs and boost growth, says Emma McClarkin British pubs have been hit as hard as any business by the government’s economic policies, and it’s starting to cost [...]
Spring Statement 2025: ‘Missed opportunity’ to avoid hospitality cliff edge March 26, 2025 The UK’s leading hospitality body has slammed the Spring Statement as a ‘missed opportunity’ to solve the mounting crisis in Britain’s pubs and bars. The statement contained no phasing in of higher national insurance contributions (NICs) or extra support for the sector, despite pleas from the industry. “Growth won’t just happen without a plan. Today’s [...]
Will rising costs kill off Savile Row’s renaissance? March 25, 2025 On a Wednesday morning earlier this month, there was plenty of activity on the shop floor at the Georgian townhouse that plays home to Richard James’ bespoke suit-making. One staff member is on the phone discussing colours and time frames, another getting a glass of water for a customer in the changing room, and smartly [...]
Colliers label business rates bill ‘poorly thought out’ and ‘growth strangling’ March 24, 2025 Commercial real estate agents Colliers has said the Government’s business rates bill will strangle growth rather than succeeding in saving the high street. The Non-Domestic Rates Bill is currently on its third reading in the House of Lords before being sent back to the Commons. “The Government is rushing through Parliament new business rates legislation [...]
Two thirds of large UK shops to pass on higher business rates to consumers March 18, 2025 Two thirds of businesses subject to the government’s new ‘super tax’ business rate multiplier will increase prices to combat cost pressures, a survey has found. The effect would be to increase prices in flagship retail stores by around three per cent, according to High Streets UK. “[The higher multiplier] would be a disaster for jobs, [...]
Retail job vacancies have almost halved in a year February 24, 2025 The number of advertised jobs in retail has almost halved in the last year as companies continue to buckle down on costs. Job vacancies have fallen 42.25 per cent in the last year, the most significant drop in any UK sector, according to Adzuna’s latest jobs report. There has been a contraction in retail for [...]
Retailers unite to warn Treasury on ‘perfect storm’ of costs February 11, 2025 A heavyweight group of retailers has warned the Treasury that hundreds of thousands of jobs are at risk in the retail sector due to unsustainable cost hikes this year. It’s the latest in a long string of warnings from the retail sector, which has been vocal about the coming damage to jobs and investment on [...]
Fun-police Labour are waging a war on pubs February 6, 2025 From business rates to labour costs and even employment regulations that could require landlords to clamp down on free speech, this Labour government has launched an all-out assault on pubs, says Chris Philp For millions of Londoners – especially those who WFH on Friday – when the end of week in the office comes into [...]
JD Wetherspoon boss Tim Martin calls on Starmer to reduce pub taxes January 22, 2025 Wetherspoons chairman Tim Martin has once again called on the government and Keir Starmer to reduce the tax gap between supermarkets and pubs in his company’s latest trading update. Martin said following the government’s decision to hike the national minimum wage, business rates and employers’ national insurance, costs at Wetherspoon will increase by around £60m [...]