By: Felix Armstrong

Retail Reporter Felix Armstrong is City AM's retail reporter, covering retail, hospitality and property news. He has previously written for The Times, The Guardian, The Telegraph and The i Paper. Email Felix at Felix.Armstrong@cityam.com

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Jobs on the line as Poundland poised to appoint administrators

October 28, 2026

Poundland’s directors are poised to appoint administrators as the beleaguered discount retailer staggers towards collapse. The company is preparing to make a filing to the High Court, which could come as soon as Wednesday evening, which would fire the starting gun on its race to find buyers for its assets and new homes for its [...]
Housebuilding to fall for three years as red tape scuppers Labour’s new homes push

October 28, 2026

The UK’s progress towards its ambitious housebuilding target has been dealt another blow after the fiscal watchdog said housing output is set to slow for another three years. The Office for Budget Responsibility (OBR) said housing delivery will fall to 229,000 this year, to 221,000 the following year and to 219,000 in the year 2027-28. [...]
Budget 2026: Tax raid on landlords ‘final nail in the coffin’ for rental sector

October 28, 2026

John Healey’s decision to hike tax on rental income is set to push up rents and deter new landlords from entering the sector, Britain’s fiscal watchdog has said. In his maiden Budget today, the Chancellor said that tax on property income will rise by a further two per cent, following the two per cent hike [...]
Pint prices to rise as Healey hikes beer duty

October 28, 2026

The price of a pint is set to rise by 2p after John Healey announced plans to hike beer duty, saddling pubs with more costs despite a commitment to cut their business rates. The Chancellor said alcohol duty, which is charged on every pint sold, will rise in line with Retail Prices Index (RPI) inflation, [...]
Healey funds high street tax cuts with raid on gambling firms and online sellers

October 28, 2026

The government will fund tax breaks for small high street shops by hiking taxes on gambling and cracking down on online sellers, John Healey said. In his first Budget, the Chancellor said he will slash taxes on the high street by raising the threshold at which small firms start paying business rates from £12,000 to [...]
GSK shares slump as vaccine sales fall

October 28, 2026

GSK shares have fallen the steepest since April, after the British pharmaceuticals giant reported a sharp drop in vaccine sales. The FTSE 100 medicines titan slumped up to five per cent in early trading on Wednesday, as investors looked past the group’s higher-than-expected revenue. The London-based group posted a £8.9bn turnover in the third quarter, [...]
Dove owner Unilever hikes prices as energy costs surge

October 28, 2026

Dove owner Unilever hiked its prices over the summer as it looked to offset rising energy costs caused by the Iran war. The FTSE 100 consumer goods group told shareholders on Wednesday its prices rose by 2.3 per cent in its third quarter, as its volume growth slowed from 5.5 to 2.9 per cent. The [...]
Healey scraps ‘unfair’ standing charges from gas bills

October 28, 2026

John Healey has said he will scrap “outdated and unfair” standing charges from gas bills, in a move which could save households £45 per year. The Chancellor said these fees – which are charged on top of the daily rate to cover the cost of connecting to a supply – are part of “an energy [...]
Poundland owners push retailer towards insolvency

October 27, 2026

Poundland’s owners are resisting a takeover bid from an Irish property firm and instead pushing the discount retailer close to collapse. The leading bidder to take over the struggling discount retailer, Martin Property Group (MPG), has failed to win the favour of Poundland’s owners because it has not offered to pay for a loan up [...]
Developers urge Labour to cut red tape and boost housebuilding

October 27, 2026

The government has been urged to slash red tape and boost housebuilding in the UK as the rate of construction of new homes falls well behind Labour’s own targets. A group of property and investment leaders have handed a set of proposals to the government which they say will get stalled housing schemes moving and [...]

ITV ad slump deepens amid £1.6bn Sky deal probe

Where to eat in London on Beaujolais Day 2026

By: Felix Armstrong

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