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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Apr- 2019 -16 AprilBusinesses For Sale
Businesses for sale: Pattni Jewellers – leasehold £20,000
Location Hatton House, 90 Queensway, Bletchley, Milton Keynes, MK2 2RU The store itself has been here over 30 years and enjoys a superb location in a busy town centre retail parade in the heart of Bletchley, a bustling suburb of Milton Keynes. The heart of Bletchley is the shopping area…
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1 AprilRetailers
BRC calls to end business rates hike
The British Retail Consortium (BRC) has said action is needed to “protect shops and jobs” as business rates for retailers are set to rise by £200m for 2019/20. In a submission made to the Treasury Select Committee today (1 April), the BRC has set out a framework to “fix the…
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Jan- 2019 -21 JanuaryRetailers
Chapelle enters administration
Jewellery and watch retailer Chapelle has entered into administration, four years after it was sold to HMV owners Hilco UK. Philip Duffy and Sarah Bell of accountancy firm Duff & Phelps have been appointed as administrators of both Mortimer Management Group and The Jewellery Outlet which makes up Chapelle. The…
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7 JanuaryAnalysis
What does Brexit mean for the high street jeweller?
2018 has been a tumultuous year for the UK high street and Brexit is now just over the horizon, bringing with it the culmination of two years of wrangling, debate and uncertainty about what will be the state of UK will be once we leave. But Simon Forrester, CEO of…
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Oct- 2018 -29 OctoberRetailers
Autumn Budget 2018: Business rates cut for SMEs and new digital services tax
Chancellor Philip Hammond has confirmed plans to give smaller retailers a 33% cut to business rates and introduced a new digital services tax for companies with at least £500m in global revenue. The reduction in rates will take place over the next two years and is expected to save businesses…
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18 OctoberRetailers
Retail sector ‘to face £186.45m business rates increase next April’
Retail firms will see business rates increase by £186.45 next April for the year 2019/20, according to real estate advisor Altus Group. September’s Consumer Prices Index (CPI) measure of inflation, announced on 17 October at 2.4% will determine business rate rises in England for the next year. It is its…
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17 OctoberBusinesses For Sale
Stuart Robinson Jewellers – £95,000
A unique opportunity to acquire a fantastic profitable retail jewellery business established in Norwich in 1998. Excellent city centre location in the ‘Lanes of Norwich’ Specialising in new, secondhand and antique jewellery Monitored alarm, CCTV, Safe and Electronic door lock. Strong turnover in excess of 300k, with high profit margins…
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2 OctoberRetailers
Business rates could be changed to help retailers, says Greg Clark
Secretary of state for business Greg Clark has admitted that business rates could be changed in order to help high street retailers. Clark told a fringe event at the Conservative party conference that a change in business rates would be “one way” of recognising the role that high street retailers…
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Aug- 2018 -13 AugustRetailers
Retail footfall down 0.8%, shopping centres continue to suffer
Retail footfall fell by 0.8% in July when compared to the same time last year, despite the high street again seeing a slight rise. The figures from the British Retail Consortium (BRC) and Springboard show that high street footfall increased by 0.3% which was the third consecutive month of growth.…
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9 AugustFeatures
Why business rates are not fit for purpose
Has anyone in the government worked out that we are living in the 21st Century? Yes – Why is it then that they continue to base the assessment of “business” rates on a framework and structure that is no longer relevant, appropriate and more importantly equitable in today’s modern Britain?…
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