Retailers call for business rate reform

More than 50 major retailers have signed a letter to Chancellor Sajid Javid, calling for reforms to the business rates. Business rates are charged on most non-domestic properties, based on their rateable value and a multiplier set by the Government. The British Retail...

‘Positive action’ needed for retail and hospitality

Businesses in retail and hospitality risk being left behind by the Government's Industrial Strategy, according to a report by the Business, Energy and Industrial Strategy (BEIS) committee. The committee said that while the Industrial Strategy has focused on support...

Retail sales increase in January

Retail businesses have seen an increase to sales in January 2019, bouncing back from a decline over Christmas. Data from the Office for National Statistics shows the quantity of goods sold increased by 1% on the previous month, after falling by 0.7% in December 2018....

Business rates cut for small retailers

Small retail businesses in England are set to benefit from a reduction to business rates, as announced in Budget 2018. Business rates will be reduced by a third for many retail properties with a rateable value below £51,000 for two years from April 2019, subject to...

Late payments are a ‘growing challenge’ for 1 in 4 SMEs

Late payments are a growing issue for nearly a quarter of SMEs, according to a survey by the Institute of Chartered Accountants in England and Wales (ICAEW). The survey of 1,000 ICAEW members found that 24% of small and medium-sized businesses experienced late...