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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Dec- 2014 -3 DecemberCurrent Affairs
Osborne to reveal business rates review in Autumn Statement
According to reports from BBC News the Chancellor, George Osborne, is expected to reveal an overhaul of business rates to help high street retailers compete with internet retailers in his autumn statement. The 400 year-old taxation system has long been under criticism from businesses and it has often been blamed…
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Oct- 2014 -29 OctoberTrade Organisations
BRC seeks statement of intent over business rates
The British Retail Consortium (BRC) has published a submission to the Treasury ahead of the Autumn Statement on December 3, highlighting the need for a fundamental reform of the business rates system. The BRC is seeking a statement of intent that the government plans to go beyond the steps it…
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Sep- 2014 -23 SeptemberEditor's Blog
Shame on the other multiples for not standing with F Hinds
Outside of the trade associations (which are often referred to pejoratively inside Westminster as ‘special interest’ groups), there are only a few other ways an industry can lobby for itself, and one is for the biggest players to start shouting. That is why it is almost beyond comprehension that F Hinds…
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22 SeptemberTrade Organisations
BRC responds to Miliband’s proposals on business rates
The British Retail Consortium (BRC) has today responded to proposals on business rates from the Labour party leader, Ed Miliband. Miliband has announced a 1% cut in business rates if labour is in power after the 2015 election. The move would involve reversing the inflation-linked increase scheduled for April 2015…
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16 SeptemberCurrent Affairs
F Hinds joins 100 firms demanding rates overhaul
Britain’s largest independent family jeweller, F Hinds has joined more than 100 of Britain’s biggest companies calling for business rates to be overhauled. The signatories of the open letter, published in The Daily Telegraph on Tuesday, call the conversional tax a “critical problem”, saying that business rates “are no longer…
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Oct- 2013 -16 OctoberEconomy
CBI warns of April rates hike
The CBI has warned that the September’s RPI figures could be a prelude to a jump in business rates in April 2014. Following the release of the Retail Prices Index (RPI) inflation figures at 3.2 per cent, the CBI said this is likely to have a knock-on effect on the…
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Sep- 2013 -23 SeptemberCurrent Affairs
CBI on Grimsey Review: ‘High streets have changed forever’
The CBI’s chief policy director, Katja Hall, has claimed that the high street cannot be “reinvented” after so much change as taken place in recent years. In response to the Grimsey Review, she said: “Rapid change in the retail sector means high streets have changed forever, and we can’t reinvent…
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Mar- 2013 -19 MarchCurrent Affairs
Business confidence in local councils low, research suggests
Small firms are finding it difficult to get enthused by the Local Government Finance Act because of doubts surrounding the benefits supplementary business rate redistribution will provide, research has suggested.
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Feb- 2013 -19 FebruaryEconomy
Retail business running costs up £20bn since 2006
A British Retail Consortium (BRC) commissioned study by Oxford Economics has revealed that retailers’ operating costs have increased by a fifth since 2006.
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Jan- 2013 -24 JanuaryEconomy
Data shows rise in retail employment despite record decline in shop numbers
Retail employment was shown to have risen by 0.6 per cent in the BRC-Bond Pearce Retail Employment Monitor (REM) for the fourth quarter of 2012.
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