Office For Budget Responsibility
This coverage of the Office for Budget Responsibility (OBR) examines its influence on the economic context affecting the UK petcare industry. As the independent fiscal watchdog of the UK government, the OBR’s forecasts on spending, inflation, and taxation are vital for retailers, wholesalers, importers, and supply chain professionals in budgeting and planning. Pet Gazette provides news, business insights, trends, and analysis on OBR economic forecasts, fiscal reviews, and their implications for consumer spending, cost structures, and investment decisions—helping pet trade professionals anticipate market conditions and adjust strategy in response to macro fiscal changes.
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Mar- 2025 -26 MarchEconomy
Chancellor resists calls for business relief in Spring Statement
Chancellor Rachel Reeves has resisted calls from businesses for relief ahead of the upcoming tax changes this April, as part of her Spring Statement today (26 March). UK businesses had been hopeful the chancellor would raise the relief rate for retail, hospitality, and leisure after cutting it to 40% in…
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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 £110,000), equating to a business tax cut worth £1.7bn, 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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Mar- 2021 -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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