Business Rates
Business rates are a major operational cost for UK jewellers, impacting independent retailers, chains, and workshop owners alike. With ongoing debates around reform and relief schemes, staying informed on changes to business rates policy is crucial for managing overheads and protecting margins in a challenging retail environment.
Jewellery Focus covers the latest news and analysis on business rates, including government updates, industry reactions, and insights into how changes affect jewellery retailers, manufacturers, and suppliers. Our reporting supports trade professionals in navigating this complex area to safeguard their businesses.
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Nov- 2015 -25 NovemberCurrent Affairs
BRC welcomes extension of business rates review
The British Retail Consortium (BRC) has welcomed the extension of the business rates review announced in Chancellor George Osborne’s Autumn Statement today. A major overhaul of the business rates system was announced earlier this year, with uniform rates set to be abolished. Local councils will, by 2020, be able to…
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10 NovemberRetailers
‘Lethal combination’ for UK retailers, says Tesco boss
The chief executive of Tesco, Dave Lewis, has warned that the UK retail sector is facing a “lethal cocktail” of rising costs. Speaking at the CBI’s annual conference, Lewis said rising business rates and the National Living Wage (introduced by George Osborne earlier this year) mean retailers will face an…
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4 NovemberEconomy
Shop price deflation continues into 30th-consecutive month
Shop prices reported deflation for the 30th consecutive month in October, according to the British Retail Consortium (BRC) and Nielsen’s latest Shop Price Index. Overall shop prices reported deflation of 1.8% in October compared with a 1.9% drop in September. On a 12-month average basis, the index reported deflation of…
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Oct- 2015 -5 OctoberCurrent Affairs
Local councils to receive control of business rates
Local councils are set to get control of business rates following a major overhaul of the system announced by George Osborne today. Speaking at the Conservative Party conference, Osborne announced that councils will be able to set their own level of rates, giving local authorities the freedom to compete with…
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Jun- 2015 -3 JuneRetailers
Shop prices fall for 25th consecutive month
Shop prices were down 1.9% in May compared with the same time last year – unchanged from April’s rate of decline. This is according to the British Retail Consortium (BRC) and Nielsen Shop Price Index which recorded its 25th consecutive month of shop price deflation, with falling non-food prices now…
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May- 2015 -15 MayEconomy
Footfall dips slightly in April
Footfall in April was 0.8% lower than the same time last year, according to new figures released today by the British Retail Consortium (BRC). This is according to the BRC and Springboard Footfall and Vacancies Monitor which found footfall in April was below the three-month growth average of -0.3%. High…
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Mar- 2015 -19 MarchCurrent Affairs
BUDGET: BRC welcomes Osborne rates review, NI abolition for under-21s
The Chancellor has used his last budget of this Parliament to reconfirm his commitment to carry out the most “far-reaching” and “radical” review into the business rates system in a generation. The government first revealed that it would carry out a “comprehensive review” of the current outdated system during last…
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18 MarchAdvice
Firms to ‘overpay £221m in business rates’
More than 110,000 firms in England and Wales are likely to miss 31 March deadline for appeals over business rates, and at least £221 million in potential relief will lie unclaimed. This is according to CBRE, the commercial property and real estate services advisor, which conducted research into the “scramble to…
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16 MarchCurrent Affairs
‘Radical’ review of business rates underway
A “radical” review of the business rates system has been launched which could pave the way for changes to how businesses across England pay tax, the Treasury has said. The review, which is set to report back for the Budget in 2016, will examine the structure of the current system…
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Dec- 2014 -3 DecemberEconomy
Business rates set to undergo structural review
Chancellor of the Exchequer, George Osborne, has said in his Autumn Statement that business rates will undergo a full “structural review” alongside the extension of the 2% cap on business rate increases for next year. Further help on business rates announced in the speech included the extension of small business…
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