Budget
This coverage examines the UK Governmentโs 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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Oct- 2021 -27 OctoberIndustry News
Chancellor unveils 50% rates discount for Retail, Hospitality and Leisure
Chancellor Rishi Sunak has unveiled a 50% discount on business rates for the hospitality, retail and leisure sectors (up to ยฃ110,000), equating to a business tax cut worth ยฃ1.7bn, the biggest single-year rates cut for firms in over 30 years. Unveiling his latest Budget in the Commons today (27 October),…
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14 OctoberCurrent Affairs
Over 40 employee groups pen letter urging Sunak to cut business rates
The CBI, along with 41 trade associations spanning the UK economy, have issued a joint statement urging the chancellor Rishi Sunak to reform the business rates system and โunleash a wave of business investment across key government priorities, including net zero and levelling upโ. The joint statement from businesses is…
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Mar- 2021 -8 MarchRetailers
Footfall drops to 73.5% in February
The UK witnessed the second-largest drop in retail footfall since May 2020 last month, with figures falling 73.5%.ย According to the BRC, the drop represented only a 3.4% percentage point improvement from January.ย The figures come from the latest ShopperTrak analysis, which has recently joined retail solutions company, Sensormatic Solutions.…
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5 MarchTrade Organisations
Bira urges Sunak to extend business rates relief for full year
The British Independent Retailers Association (Bira) is appealing to Chancellor Rishi Sunak to extend the 100% business rates relief in England for a full year. The plea follows a decision by the government in Wales earlier this week to give retailers 100% rates relief until next March. In February, Scotland…
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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.ย According to Springboardโs latest footfall monitor, this marks the largest month-on-month increase for February since its footfall data first became available in 2009.ย Footfall rose…
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3 MarchEconomy
Budget 2021: Chancellor unveils new ยฃ65bn support package
Chancellor Rishi Sunak has outlined a new ยฃ65bn 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 ยฃ10m for businesses. In what is Sunakโs second budget since he joined office in…
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3 MarchCoronavirus
Sunak to extend furlough scheme until September
Chancellorย Rishi Sunakย is expected to extend the furlough scheme until September as part of his March Budget which will be announced today (3 March). According toย The Times,ย Sunak will state that the country is in a โmoment of crisisโ as he extends furlough for another five months, taking the support beyond the…
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1 MarchCoronavirus
Chancellor to unveil ยฃ5bn high-street support package
Chancellor Rishi Sunak is expected to offer over 700,000 retail, hospitality and other businesses grants of up to ยฃ18,000 as part of a ยฃ5bn rescue package to be included in his Budget speech on Wednesday (3 March). The new โRestart Grantsโ 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.ย 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.ย The company which has been tracking small business outlooks across the UK for 26 consecutive quarters found only…
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