Budget
This coverage examines the UK Government’s Budget announcements and their impact on the petcare industry, focusing on measures that affect retailers, wholesalers, distributors, and supply chain operators. Pet Gazette reports on changes to taxation, business rates, funding schemes, and economic forecasts, alongside analysis of how these policies influence operational costs, investment decisions, and consumer spending. Our coverage helps pet trade professionals understand the financial and regulatory environment to plan effectively for the year ahead.
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Mar- 2021 -4 MarchRetailing
February footfall rises across all destinations despite lockdown
Footfall across UK retail destinations rose by 16% in February against the previous month, despite the continuation of lockdown and ongoing restrictions on non-essential retail. According to Springboard’s latest footfall monitor, this marks the largest month-on-month increase for February since its footfall data first became available in 2009. Footfall rose…
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3 MarchEconomy
Budget 2021: Chancellor unveils new £65bn support package
Chancellor Rishi Sunak has outlined a new £65bn support package in his March budget, confirming the decision to extend the furlough scheme until the end of September as well as new loan schemes of up to £10m for businesses. In what is Sunak’s second budget since he joined office in…
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3 MarchCoronavirus
Sunak to extend furlough scheme until September
Chancellor Rishi Sunak is expected to extend the furlough scheme until September as part of his March Budget which will be announced today (3 March). According to The Times, Sunak will state that the country is in a “moment of crisis” as he extends furlough for another five months, taking the support beyond the…
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1 MarchCoronavirus
Chancellor to unveil £5bn high-street support package
Chancellor Rishi Sunak is expected to offer over 700,000 retail, hospitality and other businesses grants of up to £18,000 as part of a £5bn rescue package to be included in his Budget speech on Wednesday (3 March). The new ‘Restart Grants’ will be directly distributed from local authorities from April…
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Feb- 2021 -19 FebruaryGovernment & Legislation
Sunak to delay review of business rates until autumn
Chancellor Rishi Sunak is set to reveal that he will delay a final report on the review of business rates until later this year. According to The Financial Times, the delay of the report, which was set to consider the introduction of an online sales tax, comes as the chancellor…
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8 FebruaryRetailers
29% of small retail businesses fear collapse in next three months, study finds
29% of small businesses in the retail sector fear contraction or collapse in the next three months as the coronavirus continues to disrupt business, a study by Hitachi Capital Business Finance reveals. The company which has been tracking small business outlooks across the UK for 26 consecutive quarters found only…
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Jan- 2021 -5 JanuaryGovernment & Legislation
Chancellor unveils £4.6bn in new lockdown grants
Businesses in the retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000, the chancellor has announced. The news comes after the prime minister’s announcement that businesses will be closed until at least February half-term in order to help control the spread of Covid-19. This…
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Dec- 2020 -17 DecemberCoronavirus
Furlough scheme extended until April 2021
The furlough scheme has been extended until the end of April 2021 with the government continuing to contribute 80% towards wages to employee’s pay, Chancellor Rishi Sunak has confirmed today (17 December). The government will also extend current government-guaranteed Covid-19 business loan schemes until the end of March. This includes…
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Sep- 2020 -24 SeptemberCoronavirus
Chancellor set to unveil furlough replacement after Budget cancellation
Chancellor Rishi Sunak has cancelled this year’s Budget but is set to unveil new measures aimed at protecting employment and the UK economy in parliament later today (24 September). It is thought the new measures will replace the current furlough scheme, which is set to expire at the end of…
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Jun- 2020 -22 JuneIndustry News
Chancellor mulls VAT cut and could follow up with autumn tax rises
Chancellor Rishi Sunak is reportedly considering cutting VAT in order to help stimulate the economy but could follow the move up with a set of Autumn tax rises. According to the Financial Times, Sunak is planning deferred tax rises and cuts to public spending in his autumn Budget as a follow up to further stimulus…
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