Businesses face extra £1 billion in taxes in fresh blow to troubled high streets

Businesses face extra £1 billion in taxes and more bad news for Rachel Reeves - Daily Business Briefing

Watch the biggest business stories making the headlines today - in less than two minutes.

Businesses face extra £1 billion in taxes in fresh blow to troubled high streets

Watch the biggest business stories making the headlines today - in less than two minutes.

High street firms face £1bn 'tsunami' of surging costs as business rate cut

The changes were announced in last year's autumn Budget, with the Government committing to keeping the discount scheme for the next financial year but cutting the level of relief

High street firms facing extra £1bn tax bill next month as relief slashed

Businesses in London will be hit hardest by changes, according to analysis by business tax specialists Ryan. Shops, restaurants and pubs across England are facing an extra £1 billion in taxes when a discount is cut next month, adding to a “tsunami” of rising costs hurtling toward the sector, according to new analysis. Businesses in London will be hit hardest by changes, tax and software firm Ryan found. Firms in the retail, leisure and hospitali…

Bira reports ‘wave’ of indie store closures ahead of April tax rises

Towns and cities across Britain are already witnessing a wave of closures as independent businesses shut their doors ahead of April's triple tax burden, according to The British Independent Retailers Association (Bira). Bira, which represents 6,000 independent businesses nationwide, reports that many shop owners are… This story continues at Bira reports ‘wave of’ indie store closures ahead of April tax rises Or just read more coverage at Talking…

The disastrous and the unpalatable from The Beverage Standards Association

The Beverage Standards Association brings you Peter’s Weekly Briefing every Tuesday morning. Monday, 10th of March 2025 Weekly Report The disastrous and the unpalatable The UK hospitality sector faces a crisis: 9,000 pubs are at risk, and 70% of businesses are planning staff cuts. The government’s tax choices recall Galbraith’s dilemma between “the disastrous and the unpalatable.” What’s at stake for Britain’s cultural institutions? Thank you fo…