More Budget Reaction: Industry Experts Delve Deep to Reveal Impact on Independent Retail

Budget reaction: Retail split as business rates and import rules shift

The retail industry has labelled the Autumn Budget as a “mixed bag” for retail, offering relief for many shops, but bringing in new costs for others Chancellor Rachel Reeves delivered Labour’s first Autumn Statement, outlining permanent business rates reductions for 750,000 retail, hospitality and leisure businesses and confirming new customs duties on all parcels arriving in the UK. The government stated that the cut to business rates will be f…

More Budget reaction: Industry experts delve deep to reveal impact on independent retail

An independent retailers association has criticised the Budget for falling short on promised business rates reform and delaying action on unfair competition from overseas sellers, warning that thousands of independent shops will face higher costs despite government claims of support for the high street. Andrew… This story continues at More Budget reaction: Industry experts delve deep to reveal impact on independent retail Or just read more cover…

More Budget reaction: Industry experts delve deep to reveal impact on independent retail

An independent retailers association has criticised the Budget for falling short on promised business rates reform and delaying action on unfair competition from overseas sellers, warning that thousands of independent shops will face higher costs despite government claims of support for the high street. Andrew… This story continues at More Budget reaction: Industry experts delve deep to reveal impact on independent retail Or just read more cover…

UK Budget triggers split response across retail industry

The latest Budget cuts business rates for small shops while raising them for large retailers and chains.The post UK Budget triggers split response across retail industry appeared first on Retail Insight Network.

Industry responds to impact of Autumn budget on food inflation and retail and hospitality trade

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! The Autumn budget has been tough for shoppers and the retail and hospitality sector with impacts on food inflation, shopper behaviour and food and drink businesses, according to leading industry commentators. James Walton, chief economist at IGD, said: “This has been a tough Budget for shoppers, with Governm…

Budget 2025: Retail industry reacts

Chancellor Rachel Reeves delivered her second Budget today, prompting mixed reactions from the retail sector. Reeves announced permanently lowered business rates for 750,000 retail, hospitality and leisure businesses, funded by higher rates for properties worth over £500,000 utilised by “warehouse giants”. While the customs duty relief on low value goods under £135 will also be scrapped from March 2029 at the latest, preventing online retailers …