Autumn Statement
This coverage explores the implications of the UK government’s Autumn Statement for the petcare industry — including pet retailers, wholesalers, distributors, and supply chain specialists. As a key fiscal event, the Statement sets out changes to tax policy, business rates, public spending, and inflation forecasts, all of which directly impact operational costs, retail margins, investment decisions, and workforce planning across the pet trade. Pet Gazette reports on how these measures affect businesses at every level of the sector, with editorial coverage spanning financial analysis, expert commentary, case studies, and practical insights tailored to commercial decision-makers in the UK petcare market.
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Dec- 2023 -1 DecemberEconomy
Early signs of footfall recovery ahead of festive trading, BRC finds
The retail sector experienced early signs of footfall recovery in November as total UK footfall decreased by 0.7% in November(YoY), an improvement on -5.7% in October, according to the latest data from the BRC. High Street footfall decreased by 1.7%, an improvement on -4.6% in October, whereas Retail Parks again…
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Nov- 2023 -22 NovemberBusiness
Chancellor cuts National Insurance to 10% alongside NLW rise
Chancellor Jeremy Hunt has announced a series of measures to help boost the UK economy as part of his Autumn Budget including slashing National Insurance by 2% and freezing business rates for retail and hospitality. As part of the new measures, Hunt revealed that National Insurance will be cut from…
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9 NovemberRetailers
BRC welcomes government pledge to bring down inflation
The British Retail Consortium (BRC) has welcomed the government’s pledge to bring down inflation as outlined in the King’s Speech yesterday (7 November). However, the body has criticised the decision to omit retail crime from its pledge for future crime legislation. As part of his speech the King announced that…
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Nov- 2022 -17 NovemberGovernment & Legislation
Chancellor freezes tax thresholds in Autumn statement
Chancellor Jeremy Hunt has announced a raft of measures to help “stabilise” the UK economy and reduce inflation, with tax cuts and spending cuts totalling £55bn in the Autumn statement. As part of the new measures, Hunt confirmed that tax as a percentage of GDP will rise by over 1%…
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Nov- 2016 -22 NovemberCurrent Affairs
Unemployment falls to lowest level for 11 years
The latest UK jobs figures show the unemployment rate has fallen to its lowest level for 11 years. Self-employment has increased by 213,000 since the same time last year, now totalling 15.1 percent of all those in work. The figures show there are 23.24 million people working full-time, an increase…
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May- 2016 -19 MayCurrent Affairs
Small firms tied up by red tape four days per month
New research from the Federation of Small Businesses (FSB) has revealed that small firms spend four days per month sorting through red tape. The survey of 1,685 smaller business owners learnt that they spent over 33 hours every month on internal business administration. In addition, the average small business sees around 70 hours of…
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Nov- 2015 -25 NovemberCurrent Affairs
Business rates regime discarded in overhaul
Chancellor George Osborne has announced a major transformation by scrapping uniform business rates. Plans announced during the Autumn Statement today will see the unpopular regime abolished in favour of letting councils decide whether to cut rates. This will ultimately leave more power in the hands of councils providing competition and…
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Feb- 2013 -19 FebruaryCurrent Affairs
Retail business running costs up £20bn since 2006
A British Retail Consortium (BRC) commissioned study by Oxford Economics has revealed that retailers’ operating costs have increased by a fifth since 2006. BRC’s new pre-budget research has seen the association call on the Chancellor, George Osborne, to maintain retailers’ contribution to the country by reducing business costs and re-building…
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Jan- 2013 -2 JanuaryRetailers
BRC and retailers ask MPs to step-in to help ailing high streets
In the wake of the news that town centre shop vacancy rates have reached an all-time high of 11.3 per cent, retailers have joined with the British Retail Consortium (BRC) to get MPs behind their plans. The BRC is now asking MPs to prioritise reinvigorating their local high streets, which,…
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Dec- 2012 -7 DecemberCurrent Affairs
Starbucks pays up but business rates will still rise
Starbucks’ acceptance to pay increased corporation tax has done little to soften the news that business rates will not be frozen next year, as announced by the chancellor. George Osborne’s Autumn Statement dealt another blow to retailers and small businesses as he overlooked pleas to freeze business rates, despite much…
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