Tag : Philip Hammond
Fashion retail's highs and lows of 2018Subscription
As this year comes to a close and a new one approaches, Drapers recaps the twists and turns in the retail industry over the past 12 months
Primark CFO: 'high street is not dead'Subscription
Primark does not believe that online retail will kill the high street, John Bason, chief financial officer at the retailer’s owner, Associated British Foods, has told Drapers.
Almost three-quarters of London Designer Outlet’s retailers will not benefit from business rates reforms announced by the chancellor this week, its developer has said.
Chancellor Philip Hammond is reported to be considering a £300m tax cut for shops in Britain’s most deprived town centres in a bid to help the high street.
BRC calls for business rate action in BudgetSubscription
The British Retail Consortium (BRC) has urged chancellor Philip Hammond to address the “unsustainable burden” of business rates in his autumn Budget.
Retailers welcome government hints at tax reformSubscription
Retailers have welcomed signals from the government that business rates reform and an online sales tax could be on the horizon but warned against any short-term “sop” to business.
Chancellor Philip Hammond has indicated that he is seriously considering introducing an “Amazon tax” in an attempt to level the playing field between struggling retailers and online-only operators.
Retailers call for business-friendly Budget Subscription
Multiples and independents are calling for business rate relief and a focus on boosting consumer confidence from the upcoming autumn Budget to help counteract tough trade on the high street.
Chancellor 'scrapping business rates rise'Subscription
Chancellor Philip Hammond is poised to scrap plans to raise business rates by 3.9% next April.
The chancellor has been criticised for failing to address the burden of business rates in today’s Autumn Statement, as forecasts suggest next year is going to be even more challenging with slower growth and rising inflation.