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.
-
Mar- 2020 -11 MarchBusiness Bites
ROUNDUP: Business rates holiday announced by chancellor Sunak
In his maiden budget, the new chancellor, Rishi Sunak, has announced a £30bn fiscal stimulus package to help combat the impact of coronavirus on the British economy including a one-year total suspension of business rates for small retail, leisure and hospitality businesses. Headline measures include: A £12bn plan to provide…
Read More » -
10 MarchCurrent Affairs
Calls for ‘discretionary business rates relief’ amid Coronavirus outbreak
Colliers International has called on the UK Government to consider and to fund a system of “discretionary rate relief” for businesses impacted by the Coronavirus. The commercial real estate company said this is one of the measures that could “alleviate business pain” in this week’s Budget. It added that against…
Read More » -
Feb- 2020 -4 FebruaryBusinesses For Sale
Business for sale: The Jewellery Studio – £22,500
Small boutique Jewellery shop and workshop business for sale. Goodwill and new three year lease £22,500. Secondary position in Suffolk market town. Regular sales and jewellery repair business. Priced for quick sale, small quantity of stock by arrangement. Rent £5000 pa No Business Rates payable. Contact: Michael Payne & Co…
Read More » -
Jan- 2020 -9 JanuaryAnalysis
Who would have thought skinny jeans could be anyone’s undoing?
It’s not often that the business pages give you a good belly laugh. But today we have the spectacle of Marks & Spencer blaming its poor Christmas trading results partly on an oversupply of skinny jeans for men. Apparently customer surveys revealed that the high street bellwether’s ranges were “too…
Read More » -
Dec- 2019 -20 DecemberBusiness Bites
Finally, a government addressing the business rates fiasco
Regardless of your political colours, small businesses up and down the land will be pleased to hear of at least one policy which looks set to survive the transition from manifesto wish lists to actual policy and legislation, and that is a business rates overhaul. The prime minister, Boris Johnson,…
Read More » -
13 DecemberBusiness Bites
The election is over – time for the Tories to deliver for small businesses
It now looks as though political stasis and all the damage that does to business will be lifted in 2020. Boris Johnson’s victory in the election is the Tories’ strongest since the Thatcher era, and gives him great scope to implement bold policies. At this juncture it’s worth taking a…
Read More » -
5 DecemberRetailers
Outstanding business rates challenges increase by 35%
The number of businesses waiting for challenges over soaring business rates to be resolved has jumped by more than a third in just three months, according to new figures issued by HM Revenue & Customs (HMRC). The figures revealed the number of outstanding challenges has increased by 35% fuelling concerns…
Read More » -
Nov- 2019 -1 NovemberEconomy
Treasury Committee urges MPs to reform ‘broken’ business rates
The government has been urged to fix the “broken” business rates system as it is continuing to affect high street retailers, a Treasury committee has said. An influential group of MPs has asked the government to examine alternatives to property tax, which puts more pressure on high street retailers than…
Read More » -
Oct- 2019 -24 OctoberRetailers
85,000 retail jobs lost in the last year
Third-quarter retail employment fell by 2.8% year-on-year, the equivalent of around 85,000 jobs, marking the 15th consecutive quarter of decline in the retail workforce. According to the latest figures from the British Retail Consortium (BRC), full-time employment saw a decrease of 4.5% compared to the decrease in part-time employees of…
Read More » -
15 OctoberEconomy
BRC ‘disappointed’ with business rates relief in Queen’s speech
The British Retail Consortium has responded to the Queen’s speech, praising its approach to crime and sustainability but was “surprised and disappointed” at its approach to business rates. Commenting on the speech, which tackled issues such as immigration, crime, business rates and brexit, The BRC said: “The Government should implement…
Read More »
