News
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Jun- 2020 -22 June
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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19 June
The Camden Watch Company to reopen flagship store
The Camden Watch Company has announced it will open its doors on 27 June with a soft reopening. Its flagship site will open on weekends with reduced hours, from 12pm until 5pm on both days. The retailer will then slowly open on more days throughout July. The group said that…
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19 June
NAJ welcomes new chair
The NAJ has confirmed the appointment of its new chair, with Gary Wroe, managing director of Hockley Mint assuming the role following its 2020 AGM. Stepping down as chair, Harriet Kelsall will now move to the deputy chair position, while Wroe will serve a one-year term up until June 2021. …
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19 June
Retailers in Scotland allowed to reopen on 29 June
All retailers in Scotland will be able to reopen from 29 June, as long as they have outdoor entrances and exits. First Minister Nicola Sturgeon announced plans for non-essential retail under Phase 2 in Scottish Parliament yesterday (18 June). She said that from 29 June retail premises of all sizes…
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19 June
92% of shopworkers oppose longer Sunday working hours, says Usdaw
Some 92% of retail staff in England have opposed large shops opening for more than six hours on a Sunday, as the government considers deregulating Sunday trading. According to a survey by shopworkers trade union Usdaw, 66% of the 11,000 retail staff said they feel they are pressured to work…
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18 June
Employers given 30 days to ‘confess’ to furlough abuses
Legislation is currently being fast-tracked to allow HMRC to reclaim any furlough money overpaid to employers, or not spent on wages as intended. Although we do not have the final version of the legislation, employers should start addressing their minds to the claims they have made to date as soon…
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18 June
JCK Virtual 2020 to launch in August
JCK has announced it will be holding a virtual trade show between 10 August and 14 August, which will aim to recreate the experience of JCK Las Vegas in a virtual format. The event has been built around the theme of ‘Reconnecting’, and will feature online showrooms from exhibitors, ways…
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18 June
Maya Gemstones sees 23% rise in engagement ring sales
Jewellers have reported a significant increase in the sales of engagement rings during the lockdown period, according to Maya Gemstones. Olga Pekarevskaia, the founder of the brand, said it has seen a 23% increase in sales of engagement rings during lockdown. In addition, many of its customers are requesting the…
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18 June
Astrid & Miyu pledges support to black-owned businesses and students
Astrid and Miyu has announced the launch of two separate mentorship programmes aimed at supporting black-owned businesses and students. The programmes will support six young black business owners with the “start-up lifecycle” and help 10 black students “kickstart” their career in the fashion industry. The initiative has been launched in…
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18 June
The Birmingham Assay Office launches Rainbow Logo mark to raise funds for the NHS
The Birmingham Assay Office has launched its rainbow logo mark to be applied as an optional mark alongside the hallmark and date letter for 2020 to raise money for the NHS. The rainbow logo mark will be available for a limited period from the 1 July until December 2020. The…
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