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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Aug- 2017 -9 AugustCurrent Affairs
Majority of small firms stretched to meet NLW
New research from the Federation of Small Businesses (FSB) shows the majority (64 percent) of small firms impacted by the National Living Wage (NLW) have stretched to meet the latest rise by taking lower profits. Two in five (39 percent) small businesses affected by the NLW have put up prices…
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Jun- 2017 -13 JuneCurrent Affairs
Small firms ‘squeezed’ by inflationary pressure, says FSB
The Consumer Prices Index (CPI) remains above the Government’s 2 percent target. The CPI is a measure that examines the weighted average of prices of a basket of consumer goods and services. Its 12-month rate rose to 2.9 percent in May 2017, up from 2.7 percent in April, reported the Office for…
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Mar- 2017 -17 MarchIndustry News
Relief for self-employed following NIC U-turn
Self-employed Brits will not face a hike on Class 4 National Insurance Contributions (NICs) as the Chancellor makes a U-turn. It was announced in the Spring Budget 2017 that the self-employed would be asked to contribute more National Insurance. Mike Cherry, FSB national chairman, said:“We are delighted for our members and all…
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15 MarchCurrent Affairs
Budget a ‘disaster’ for pet stores, says new PIF Chair
The newly appointed chair of the Pet Industry Federation (PIF) has spoken out against the recent budget, calling it a ‘disaster’ for small high street pet stores. Referring to the announcement last week by the Chancellor, Philip Hammond, that business rates would not be reduced for small businesses, Steve Fowler,…
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8 MarchCurrent Affairs
Government unveils £300m business rate relief fund
[author title=”Tom Davis” image=”http://”][/author]The government has helped soften the blow of April’s business rate revaluation with a £300m relief fund for local councils. The announcement was made by chancellor Philip Hammond at today’s Spring Budget, in which he said business rates raise £25bn each year – all of which, by…
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8 MarchCurrent Affairs
Budget announced: Self employed face insurance hike
Self employed workers will face an increase in National Insurance contributions, the Chancellor Philip Hammond has announced. ‘The self-employed were the biggest losers’, according to IPSE, an organisation representing self-employed and professional freelancers and contractors. There will be a 2 percent increase for self-empoloyed National Insurance Contributions by 2018, and the…
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Feb- 2017 -7 FebruaryEconomy
FSB calls for a pro-business Budget to boost jobs
The Federation of Small Businesses (FSB) has called for a pro-business Budget that boosts jobs and long-term growth. The Federations claims that the Chancellor should use the Budget to show he backs British businesses to improve job creation and drive productivity across the nations and regions of the UK. While small…
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6 FebruaryCurrent Affairs
FSB calls for a pro-business Budget to boost jobs
The Federation of Small Businesses (FSB) has called for a pro-business Budget that boosts jobs and long-term growth. The Federations claims that the Chancellor should use the Budget to show he backs British businesses to improve job creation and drive productivity across the nations and regions of the UK. While small…
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Mar- 2016 -18 MarchCurrent Affairs
Small business confidence at lowest level in three years
A new survey by the Federation of Small Businesses (FSB) has shown small business confidence was at the lowest level since 2013 from the first quarter of this year. The fall is most noticeable in London and the East of England, but all regions of the UK have seen declines.…
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16 MarchCurrent Affairs
The Budget: At a glance guide
On March 16, George Osborne revealed his eighth budget as Chancellor. Pet Gazette brings you an at-a-glance guide to the highlights for businesses: Growth estimates for the year have been revised from 2.4 to 2.2 percent Inflation of 0.7 percent is expected for 2016 The headline rate of corporation tax…
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