Business rates system ‘no longer fit for purpose’ says Sainsbury’s boss
4 months, 3 weeks ago

Business rates system ‘no longer fit for purpose’ says Sainsbury’s boss

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The boss of Sainsbury’s has said the business rates tax system is “no longer fit for purpose” and warned that current planned increases will lead to thousands of high street closures and job losses. Labour has pledged to reform the current business rates system, committing to “levelling the playing field between high street and online retailers”. Previous governments have also pledged to review and reform the business rates system, but it has still come under significant criticism from high street retail bosses. Sainsbury’s chief executive Simon Roberts said: “All responsible retailers want to pay their fair share of tax, but the current business rates system has become an enormous burden on our industry.

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History of this topic

‘Amazon tax’ to save Britain’s high streets under consideration by Reeves
2 months, 2 weeks ago

‘Amazon tax’ to save Britain’s high streets under consideration by Reeves

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chancellor Rachel Reeves is considering …

M&S and Sainsbury’s bosses urge Reeves to slash tax on retailers
3 months ago

M&S and Sainsbury’s bosses urge Reeves to slash tax on retailers

The Telegraph  

The bosses of Marks & Spencer and Sainsbury’s are leading calls for Rachel Reeves to cut retailers’ tax bills, amid claims the sector “pays more than its fair share” to the Exchequer. In an open letter published on Monday, more than 70 chief executives from Britain’s biggest retailers urged Ms Reeves to “level the playing field” by reducing their business …

Tories hail Chancellor's tax-cutting Autumn Statement after he gives Brits a £450 boost by slashing 2p off national insurance and hands firms £10bn perk - but watchdog warns the burden will STILL hit
1 year, 1 month ago

Tories hail Chancellor's tax-cutting Autumn Statement after he gives Brits a £450 boost by slashing 2p off national insurance and hands firms £10bn perk - but watchdog warns the burden will STILL hit

Daily Mail  

Tories hailed Jeremy Hunt's tax-cutting Autumn Statement tonight after he handed around 30million Brits a national insurance boost. 'It's time to get Sid investing again,' said Mr Hunt; The OBR forecasts that inflation will fall to 2.8 per cent next year, and only reach the Bank of England's 2 per cent target by 2025; The economy is predicted to grow …

Hard-up support worker admits 'I used to shop at Sainsbury's but now go to Iceland' and struggling pensioner says it's too expensive to use his oven - Brits react to tax cuts and pensions boost in the
1 year, 1 month ago

Hard-up support worker admits 'I used to shop at Sainsbury's but now go to Iceland' and struggling pensioner says it's too expensive to use his oven - Brits react to tax cuts and pensions boost in the

Daily Mail  

Jeremy Hunt cut national insurance for 27 million people in a highly political Autumn Statement ahead of a general election expected next year. As long as you have a roof and food that is fine' 'I had to sacrifice luxuries - the government need to walk their talk' Vegetarian food stall owner Simone Irving says it has been 'really tough' …

Jeremy Hunt takes an axe to taxes... but is it enough? Chancellor gives Brits a £450 boost by slashing 2p off national insurance and hands firms 'biggest-ever' £10bn tax break - only for watchdog to w
1 year, 1 month ago

Jeremy Hunt takes an axe to taxes... but is it enough? Chancellor gives Brits a £450 boost by slashing 2p off national insurance and hands firms 'biggest-ever' £10bn tax break - only for watchdog to w

Daily Mail  

Jeremy Hunt handed around 30million Brits a tax cut today as he gambled on driving economic growth to save the Tories. 'It's time to get Sid investing again,' said Mr Hunt; The OBR forecasts that inflation will fall to 2.8 per cent next year, and only reach the Bank of England's 2 per cent target by 2025; The economy is …

Almost £14bn business rates relief welcomed as online sales tax scrapped
2 years, 1 month ago

Almost £14bn business rates relief welcomed as online sales tax scrapped

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. On Thursday, the Treasury said: “Following consultation, the Government …

High street braced for £3bn rise in business rates bill
2 years, 2 months ago

High street braced for £3bn rise in business rates bill

The Telegraph  

Retailers face paying an extra £3bn next year in business rates, piling further pressure on the high street as costs soar and shoppers cut back on spending. It means the overall business rates bill for companies across England is projected to jump by £2.7bn to £30bn from April, when the tax rises, according to property experts Altus Group. He said: …

Government faces calls to cut business rates to keep Red Wall voters on side
3 years, 2 months ago

Government faces calls to cut business rates to keep Red Wall voters on side

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Business rates should be slashed …

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