Rishi Sunak news and analysis – Page 23
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NewsMedia Bites 8 September: AB InBev, Charles Wilson, Amazon, Primark
Anheuser-Busch InBev has launched a process to replace chief executive Carlos Brito
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NewsShoppers turn away from tea as prices surge in lockdown
It wasn’t bad news for everyone in tea though: value sales of Yorkshire Tea soared
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NewsMedia Bites 4 Sep: Costa Coffee, Pret a Manger, Ocado
Costa Coffee has announced up to 1,650 redundancies after becoming the latest high street business to be hit by the dearth of city centre shoppers
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NewsMedia Bites 3 September: Organic sales, Eat Out to Help Out, Domino’s
Sales of organic food and drink rose sharply in the UK during lockdown
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NewsMedia Bites 1 Sep: Ocado/M&S/Waitrose, Forthglade, Nestlé
The first deliveries of Marks & Spencer’s groceries will reach customers on Tuesday as its online shopping venture with Ocado begins
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Comment & OpinionEating out is helping out, but the scheme can’t last forever
Another month of EOTHO might help, but government must focus on addressing the lack of ongoing sector-specific support for the industry
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NewsSuppliers squeezed as HMRC moves to claw back tax owed
Food manufacturers are being squeezed by the government as HMRC withholds VAT refunds to claw back tax owed, putting thousands of jobs at risk
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NewsCity snapshot: Manufacturers squeezed by the taxman on VAT refunds
Food manufacturers have zero VAT-rated revenues but receive VAT refunds from HMRC for purchases made to their own suppliers
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NewsMedia Bites 12 August: McCain, Ben & Jerry’s, Domino’s
The UK’s £1bn potato growing sector has been hit so hard by extreme weather and coronavirus that its largest customer is stepping in with £25m of support to secure its supply chain.
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NewsMedia Bites 10 August: Tate & Lyle, WH Smith, M&S/Ocado
Brexit backers Tate & Lyle are set to gain £73m from end of EU trade tariffs
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Comment & OpinionWhy an online sales tax isn’t right for the retail sector
Chancellor Rishi Sunak has previously expressed concerns that business rates are effectively penalising high street stores and giving internet retailers an unfair advantage
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NewsMedia Bites 28 July: Amazon, Walgreens Boots, Online sales tax
Amazon is to offer free grocery delivery to millions of customers in a massive expansion of the company’s Fresh food network, throwing down the gauntlet to traditional supermarkets
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NewsBusiness rates call for evidence launched as next revaluation pushed back to 2023
The new revaluation date means it will be based on rents payable in April 2021, reflecting the impact of the pandemic
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NewsFoodservice wholesalers report slow start to reopening
Sales are down 50% despite the return of pubs, cafés and restaurants
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NewsMedia Bites 16 July: Dobbies Garden/Sainsbury’s, Amazon/Deliveroo, VAT cuts
Dobbies Garden Centres inks a deal to stock Sainsbury’s food, rival delivery firms warn against Amazon tie-up with Deliveroo and some high street food chains vow to pass on VAT cuts to customers through lower prices
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NewsConvenience stores selling hot food to benefit from VAT cut
Retailers will also be eligible to apply for a pavement licence
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NewsMedia Bites 10 July: Retail job losses, John Lewis, Boots, Brexit tariffs
“Help us stem tidal wave of job losses, beg shops”, writes The Times as John Lewis, Boots and Burger King cut nearly 7,000 jobs.
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NewsMedia Bites 9 July: Mini budget, Uber Eats/Asda, Kbox
Sunak unveils £30bn economic package in the Summer “Mini Budget”, Uber Eats teams up with Adsa for grocery deliveries and Deliveroo backer Hoxton Venutures invests in Kbox
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NewsMedia Bites 8 July: Mini budget, Government loans, Retail footfall
Rishi Sunak will deliver his mini budget today in what the Treasury is calling the Summer Economic Update, with a focus on jobs, youth unemployment and a possible temporary cut to VAT.
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NewsMedia Bites 7 Jul: Pret A Manger, High Street spending, Uber
Pret A Manger mulls closing 30 stores and axing over 1,000 staff after coronavirus hit, high street spending partly rebounds as casual dining sector reopens and Chancellor Sunak is due to announce a £3bn package of green investment