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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May- 2020 -12 MayCoronavirus
Chancellor extends furlough scheme until October
Chancellor of the Exchequer Rishi Sunak has extended the Government’s furlough scheme until the end of October. Announcing the decision in the house of commons today (12 May) Sunak revealed that “no changes whatsoever” will be made to the current scheme until the end of July. However he noted that…
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Apr- 2020 -16 AprilEconomy
Government extends lockdown for ‘at least’ three more weeks
The government has announced an extension to the coronavirus lockdown for “at least” a further three weeks. The decision was announced at today’s (16 April) press briefing which was led by foreign secretary Dominic Raab. It also comes after Raab led an emergency Cobra committee and cabinet meetings about the…
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3 AprilEconomy
Chancellor unveils new measures to SME loan scheme
Chancellor of the exchequer Rishi Sunak has unveiled a major overhaul to his previously announced SME loan scheme. Initially, the Coronavirus Business Interruption Loan Scheme (CBILS) was aimed at businesses unable to secure regular commercial financing as the virus took its toll on the UK’s economy. However, according to Sky…
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2 AprilEconomy
Chancellor set to announce overhaul to SME loan scheme
Chancellor Rishi Sunak is reportedly set to announce an overhaul to the SME loan scheme that will allow companies to access help quicker. According to Sky News, Sunak and members of the Treasury were reportedly in talks with major lenders, including Barclays, HSBC, Lloyds Banking Group and Royal Bank of…
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Mar- 2020 -13 MarchBusiness
BIRA welcomes increased support for SMEs amid coronavirus crisis
The British Independent Retailers Association (BIRA) has welcomed the Chancellor’s emergency package to help small retail businesses amid the coronavirus crisis. Chancellor of the Exchequer Rishi Sunak delivered his first Budget on Wednesday (11 March) which included a £30bn package to help the UK economy respond to the coronavirus. He…
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10 MarchBusiness
Calls for ‘discretionary business rates relief’ amid Coronavirus outbreak
Colliers International has called on the UK Government to consider and to fund a system of “discretionary rate relief” for businesses impacted by the Coronavirus. The commercial real estate company said this is one of the measures that could “alleviate business pain” in this week’s Budget. It added that against…
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Nov- 2019 -18 NovemberRetailing
Conservatives pledge business rates review
The Conservative Party has pledged a business rates review which aims to “reduce the burden” on UK businesses, as part of its election campaign. It said business rates are one of the “top concerns” of British businesses, and added that a Conservative majority Government will launch a “fundamental review” at…
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Oct- 2019 -15 OctoberEconomy
BRC ‘disappointed’ with business rates relief in Queen’s speech
The British Retail Consortium has responded to the Queen’s speech, praising its approach to crime and sustainability but was “surprised and disappointed” at its approach to business rates. Commenting on the speech, which tackled issues such as immigration, crime, business rates and brexit, The BRC said: “The Government should implement…
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Oct- 2018 -29 OctoberRetailers
Autumn Budget 2018: Business rates cut for SMEs and new digital services tax
Chancellor Philip Hammond has confirmed plans to give smaller retailers a 33 percent cut to business rates and introduced a new digital services tax for companies with at least £500m in global revenue. The reduction in rates will take place over the next two years and is expected to save…
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Aug- 2017 -18 AugustCurrent Affairs
Retail sales increase by 0.3%
Retail sales increased by 0.3 percent in July 2017, compared with the previous month, according to the Office of National Statistics. This was due to strong sales in food stores at 1.5 percent; recovering from a fall of 1.1 percent in June 2017. The underlying pattern in the quantity bought, measured…
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