Rachel Reeves news and analysis – Page 2
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NewsBusiness rates reforms put 400 large stores at risk of closure, BRC warns
The trade body has warned of a ‘fresh wave of closures’, with up to 100,000 jobs at risk
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NewsOrdo adds Wicked and Sonic Edge electric toothbrush ranges
The launches form part of an abundance of NPD set for this month by the oral care challenger
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NewsACS urges Chancellor to reduce business rates burden to help c-stores invest
The ACS has outlined the challenges facing the convenience sector as a result of increased costs of employment and the rising burden of business rates
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NewsRetailers cautious ahead of ‘golden quarter’ despite strong summer
The autumn budget will fall just days before Black Friday, making retailers uneasy about its impact on Christmas spending
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NewsSunday trading shake-up on table as ministers aim to calm retail rates row
It’s understood the idea has been informally broached by Treasury sources
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NewsSupermarket chiefs tell Rachel Reeves planned business rates hike is their top concern
Chief executives of a string of supermarkets and other national retailers met the Chancellor at 11 Downing Street on Wednesday to oppose moves to raise business rates for larger properties from 2026.
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Comment & OpinionLabour’s energy drink sales ban is a Monster move for public health
Health secretary Wes Streeting said the move showed how Labour was making the shift from treatment to prevention
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NewsLidl invests £435m in warehouses to support growth plans
The discounter has completed its two-stage extension at its Belvedere site in London, investing £285m across two buildings
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NewsConfidence flatlines for food companies as fears grow over Reeves’ budget
A new FDF survey of its members found confidence levels in the second quarter of the year were still at ‘-40%’
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NewsFood inflation hits 18-month high driven by eggs and butter
The price of staples like butter and eggs shot up due to high demand, tightening supply, and increased labour costs, said the BRC
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NewsSupermarket chiefs warn Chancellor of rising inflation if shops are hit with higher business rates
The chiefs of Aldi, Asda, JLP, Lidl, Morrisons, Sainsbury’s and Tesco are among 60 retail bosses to have signed the letter to Rachel Reeves
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Comment & OpinionTalking to politicians is hassle. But we must use our voice
For most of the industry there has rarely been a time when policy formulation or the response to geopolitical events has been so potentially important, says Ian Wright, partner at Acuti Associates
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NewsUK inflation accelerates amid higher food prices
Food and drink prices have risen 4.2% compared with a year ago, their fastest rate in 18 months
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NewsOrdo calls for axing of tax on children’s dental products
Ordo is demanding children’s essential oral care products be zero-rated for VAT
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NewsIHT reform largely protects family farms but could be better targeted: new report
A new report by the Centre for Analysis of Taxation (CenTax) has stated the reform could be better targeted to protect working farms
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NewsMore than 100 large supermarkets ‘at risk of closure’ thanks to business rates reforms
The changes will also hand an advantage to the discounters thanks to their smaller stores
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NewsPasta Evangelists to open 100 UK restaurants in five years
Pasta Evangelists will be investing over £30m in the new restaurants
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NewsIceland Foods hails ‘market leading’ performance despite reports profits have thawed
Iceland reported ‘sales growth ahead of the market’ and ‘market-leading’ volume growth, executive chairman Richard Walker claimed, despite reports of a slump in profit growth
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NewsRetail leaders in fear of tax rises as 42% say they have frozen recruitment
A BRC survey of chief financial officers and finance directors at retailers representing more than 9,000 stores found 85% had raised prices following tax increases in last year’s budget, and 65% expected to
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NewsSainsbury’s to convert another Homebase site as store expansion continues
Sainsbury’s had more prime locations open new stores in the future, said chief property and procurement director Patrick Dunne