George Osborne
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Jan- 2020 -31 JanuaryAnalysis
The whole Amazon thing is getting scary now
The ‘growth of online retail’ is now so proverbial that the phrase itself is nearly redundant. Is anyone surprised to learn this morning that Amazon has absolutely rampaged through the Christmas retail season, while scores of well-known bricks-and-mortar retailers reported a torrid set of financial results for the same period?…
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Mar- 2016 -16 MarchEconomy
BUDGET: CBI welcomes business rates policy
The Confederation of British Industry (CBI) has called George Osborne’s Budget, announced today, a “strong and stable Budget for business facing global stormy waters”. CBI director general, Carolyn Fairbairn, said: “The Chancellor has listened to our concerns about the mounting burden on firms and chosen to back business to grow the economy out…
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16 MarchEconomy
BUDGET: Business rates relief “doubled permanently”
Business rates relief for small businesses will “more than double” during the next budget period. The Chancellor, George Osborne, announced that he was raising the threshold to £15,000 for the lower rate (up from £6,000) and to £51,000 got the higher band (up from £18,000). He said the measures would mean…
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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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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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Jul- 2015 -14 JulyEconomy
UK retail sales record strongest growth in 18 months
UK retail sales recorded their strongest growth in 18 months as sales increased 1.8% on a like-for-like basis from June 2014, when they had decreased 0.8% on the preceding year. This is according to the British Retail Consortium (BRC) and KPMG Retail Sales Monitor which found that, on a total…
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8 JulyCurrent Affairs
Summer Budget 2015: National Living Wage to be introduced
Chancellor George Osborne has announced the launch of a new National Living Wage that will be launched from April next year. Delivering his emergency budget speech earlier today, Osborne announced that all businesses across the UK will have to pay working people over the age of 25 at least £7.20…
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8 JulyCurrent Affairs
Summer Budget 2015: Sunday trading could be extended
Sunday trading hours could be extended to give businesses greater flexibility over their weekend opening hours, the Chancellor George Osborne has announced. Speaking at the Summer Budget 2015, the first all-Conservative budget speech since 1996, Osborne said that elected mayors and councils could be given powers to relax local laws…
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May- 2015 -19 MayEconomy
UK inflation dips into negative
Inflation dipped below 0% for the first time since records began in April, down to -0.1%, according to the lates figures from the Office for National Statistics (ONS). The Consumer Prices Index has never turned negative in the decades since it was first recorded in 1960. The ONS said the…
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