#business-rates

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#uk-economy

Labour's promise to save the high street by increasing rates bills of bigger businesses will misfire for UK economy - London Business News | Londonlovesbusiness.com

The UK Government's new business rates legislation could jeopardize economic growth and burden larger retailers.

Retail footfall 'limped to the finish line in December' for the second consecutive year - London Business News | Londonlovesbusiness.com

UK retail footfall declined for the second consecutive year, with shoppers gravitating towards retail parks instead of high streets during December 2023.

Labour's promise to save the high street by increasing rates bills of bigger businesses will misfire for UK economy - London Business News | Londonlovesbusiness.com

The UK Government's new business rates legislation could jeopardize economic growth and burden larger retailers.

Retail footfall 'limped to the finish line in December' for the second consecutive year - London Business News | Londonlovesbusiness.com

UK retail footfall declined for the second consecutive year, with shoppers gravitating towards retail parks instead of high streets during December 2023.
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#economic-impact

Hundreds of pubs call last orders for the last time amid Labour's cost pressures - London Business News | Londonlovesbusiness.com

The number of pubs in England and Wales has fallen below 39,000 due to cost pressures, marking a significant decline since 2020.

High street bosses warn there could be just losses if there is business rate rise - London Business News | Londonlovesbusiness.com

Rising business rates linked to inflation may lead to job cuts and reduced hours for hospitality and retail sectors.

Autumn Budget is a dismal day for the high street - London Business News | Londonlovesbusiness.com

The Chancellor's measures fall short, lacking meaningful reform and posing risks to the retail and hospitality sectors.

Pubs and restaurants warn of closures if taxes rise and business rates relief ends

Higher taxes and ending business rates relief could jeopardize many pubs and restaurants, threatening employment and investment during a critical holiday season.

Slashing business rates relief for retail, hospitality and leisure businesses 'is madness' - London Business News | Londonlovesbusiness.com

The decision to reduce relief for businesses is detrimental, risking closures and leading to job losses.

Hospitality business rates set to quadruple without government intervention in spring

The UK hospitality sector faces a £900 million hit when business rates relief ends in Spring 2024, risking widespread closures without reform.

Hundreds of pubs call last orders for the last time amid Labour's cost pressures - London Business News | Londonlovesbusiness.com

The number of pubs in England and Wales has fallen below 39,000 due to cost pressures, marking a significant decline since 2020.

High street bosses warn there could be just losses if there is business rate rise - London Business News | Londonlovesbusiness.com

Rising business rates linked to inflation may lead to job cuts and reduced hours for hospitality and retail sectors.

Autumn Budget is a dismal day for the high street - London Business News | Londonlovesbusiness.com

The Chancellor's measures fall short, lacking meaningful reform and posing risks to the retail and hospitality sectors.

Pubs and restaurants warn of closures if taxes rise and business rates relief ends

Higher taxes and ending business rates relief could jeopardize many pubs and restaurants, threatening employment and investment during a critical holiday season.

Slashing business rates relief for retail, hospitality and leisure businesses 'is madness' - London Business News | Londonlovesbusiness.com

The decision to reduce relief for businesses is detrimental, risking closures and leading to job losses.

Hospitality business rates set to quadruple without government intervention in spring

The UK hospitality sector faces a £900 million hit when business rates relief ends in Spring 2024, risking widespread closures without reform.
moreeconomic-impact

Homebase's 5 million tax rebate delay revealed as 74 stores go up for sale - London Business News | Londonlovesbusiness.com

Homebase's collapse was exacerbated by unresolved tax appeals and financial difficulties.
#inflation

250,000 high street firms face 300% tax rise from next April - London Business News | Londonlovesbusiness.com

Business rates for over 250,000 high street premises in England will rise dramatically due to inflationary changes and loss of discounts.

Labour's Budget will cost Sainsbury's 140 million and lead to higher inflation - London Business News | Londonlovesbusiness.com

Sainsbury's faces a £140 million cost increase due to the Autumn Budget, leading to higher inflation concerns.

250,000 high street firms face 300% tax rise from next April - London Business News | Londonlovesbusiness.com

Business rates for over 250,000 high street premises in England will rise dramatically due to inflationary changes and loss of discounts.

Labour's Budget will cost Sainsbury's 140 million and lead to higher inflation - London Business News | Londonlovesbusiness.com

Sainsbury's faces a £140 million cost increase due to the Autumn Budget, leading to higher inflation concerns.
moreinflation
#government-policy

Help for high streets to be paid for by hospitals, universities and even police stations - London Business News | Londonlovesbusiness.com

The Government's new levy to aid high street firms may unfairly burden public sectors like NHS hospitals and lead to wider implications than intended.

CPI Figures at 1.7% announced today mean businesses due to pay an extra 500 million in rates bills next April - London Business News | Londonlovesbusiness.com

Business rates in England and Wales are set to rise significantly, posing sustainability issues for various sectors of the economy.

Help for high streets to be paid for by hospitals, universities and even police stations - London Business News | Londonlovesbusiness.com

The Government's new levy to aid high street firms may unfairly burden public sectors like NHS hospitals and lead to wider implications than intended.

CPI Figures at 1.7% announced today mean businesses due to pay an extra 500 million in rates bills next April - London Business News | Londonlovesbusiness.com

Business rates in England and Wales are set to rise significantly, posing sustainability issues for various sectors of the economy.
moregovernment-policy
#economic-growth

Employment allowance rise welcome from Chancellor in tax-raising Budget - London Business News | Londonlovesbusiness.com

The Budget's increased employment allowance and support for small businesses signal a proactive approach to strengthen the economy.

Virgin StartUp identifies three key areas that will affect small businesses and start-ups in the UK from the Budget - London Business News | Londonlovesbusiness.com

Small businesses feel burdened by new tax changes and lack reassurance for growth in the current economic climate.

Employment allowance rise welcome from Chancellor in tax-raising Budget - London Business News | Londonlovesbusiness.com

The Budget's increased employment allowance and support for small businesses signal a proactive approach to strengthen the economy.

Virgin StartUp identifies three key areas that will affect small businesses and start-ups in the UK from the Budget - London Business News | Londonlovesbusiness.com

Small businesses feel burdened by new tax changes and lack reassurance for growth in the current economic climate.
moreeconomic-growth
#hospitality

Autumn Budget means there will be a 140% tax rise for 250,000 high street firms next April - London Business News | Londonlovesbusiness.com

The reduction of business rates discount will significantly raise bills for retail, hospitality, and leisure firms in England from April 2025.

2.66 billion looming tax hike for Retail, hospitality and leisure firms in England - London Business News | Londonlovesbusiness.com

Retail, Leisure & Hospitality sectors will face a £2.66 billion annual increase in business rates due to upcoming tax hikes.

Autumn Budget means there will be a 140% tax rise for 250,000 high street firms next April - London Business News | Londonlovesbusiness.com

The reduction of business rates discount will significantly raise bills for retail, hospitality, and leisure firms in England from April 2025.

2.66 billion looming tax hike for Retail, hospitality and leisure firms in England - London Business News | Londonlovesbusiness.com

Retail, Leisure & Hospitality sectors will face a £2.66 billion annual increase in business rates due to upcoming tax hikes.
morehospitality
#pubs

Owner of popular Hackney pub warns independents in danger from taxes and red tape

Pubs in Hackney fear a business rates rise, fearing closures if current financial challenges continue.

50 pubs a month 'vanished' during the first six months of the year - London Business News | Londonlovesbusiness.com

Over 50 pubs a month are closing in England and Wales, totaling 472 closures in a year.
Upcoming property tax increases are poised to further threaten the viability of existing pubs.

Owner of popular Hackney pub warns independents in danger from taxes and red tape

Pubs in Hackney fear a business rates rise, fearing closures if current financial challenges continue.

50 pubs a month 'vanished' during the first six months of the year - London Business News | Londonlovesbusiness.com

Over 50 pubs a month are closing in England and Wales, totaling 472 closures in a year.
Upcoming property tax increases are poised to further threaten the viability of existing pubs.
morepubs

Over 1,500 retailers could see rates bill cut by up to 33 million a year - London Business News | Londonlovesbusiness.com

Business rates for City of London shops could drop by £33 million annually due to a recent tribunal ruling.
The Valuation Tribunal significantly reduced rateable values for retail properties, affecting over 1,500 shops.

Navigating Tax Obligations for Your Business: Essential Insights

Understanding tax obligations is vital for UK businesses to ensure compliance and avoid pitfalls.
#labour-party

Labour vows to 'pull up shutters' for small business

Labour promises support for small businesses and entrepreneurs if elected.

Dragon Den's star hails Labour's business energy plan as 'absolutely brilliant' - London Business News | Londonlovesbusiness.com

Labour pledges to create a fairer business rates system to support small businesses and improve economic stability.

Labour vows to 'pull up shutters' for small business

Labour promises support for small businesses and entrepreneurs if elected.

Dragon Den's star hails Labour's business energy plan as 'absolutely brilliant' - London Business News | Londonlovesbusiness.com

Labour pledges to create a fairer business rates system to support small businesses and improve economic stability.
morelabour-party

80 pubs a month call last orders amid 'continuing high costs of doing business' - London Business News | Londonlovesbusiness.com

High number of pub closures highlights financial challenges in the sector.
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