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Tag: rates

Business rates holiday won’t ‘save industry’s bacon’ | News

Yesterday chancellor Rishi Sunak extended the business rates holiday to all retailers, to help mitigate the growing economic impact of coronavirus. All retailers will be granted a 12-month business rates holiday. The government will also provide £330bn of government-backed loans and guarantees for UK businesses. This will be offered through two schemes. The first for larger …

Business rates holiday won’t ‘save industry’s bacon’ | NewsRead More

‘More high street job losses ahead’ as budget cuts small firms’ rates | Business

A fresh round of high street bloodletting is expected after major chains, who are closing stores and shedding jobs, were overlooked by emergency business rates cuts. The government took the step of scrapping bills for small business owners including shops, restaurants and nightclubs in the coming year so their finances would be better able to …

‘More high street job losses ahead’ as budget cuts small firms’ rates | BusinessRead More

Perfect storm of bad weather and business rates fuels retail crisis | Business

The crisis on Britain’s high streets showed no sign of easing during the storm-buffeted month of February, while new figures show the number of retail workers losing their jobs this year is approaching 20,000. Severe rain last month caused a 7.8% fall in the number of people visiting high street stores in February, according to …

Perfect storm of bad weather and business rates fuels retail crisis | BusinessRead More

Why UK high street retailers want urgent reform of business rates | Business

When the Palmers department store in Great Yarmouth closes at the end of next week it will be a sad end to the story of one of the country’s oldest retail businesses. Part of the collapsed Beales chain, Palmers has been a familiar sight in the seaside resort since 1837 when Garwood Burton Palmer opened …

Why UK high street retailers want urgent reform of business rates | BusinessRead More

Restaurants take aim at improving manager turnover rates

A worker takes a pager from a customer at a Shake Shack restaurant in Bridgewater, New Jersey. Ron Antonelli | Bloomberg | Getty Images Shake Shack, Red Robin Gourmet Burgers and Yum Brands’ Taco Bell are among the restaurant chains getting creative to keep their managers sticking around longer. The restaurant industry has long struggled …

Restaurants take aim at improving manager turnover ratesRead More

UK’s business rates system ‘broken’ says Treasury committee | Business

The business rates system is broken and the government must undertake an urgent review to find alternatives, an influential committee of MPs has said. The Treasury committee said business rates in England and Wales were high, complex and placed an unfair burden on bricks-and-mortar shops and manufacturers compared with businesses that operate online. The cross-party …

UK’s business rates system ‘broken’ says Treasury committee | BusinessRead More

Hudson Yards occupancy rates top estimates less than a year in

Developer Related Cos. says it expects more than 20 million to visit Hudson Yards annually. Source: Dior When the Hudson Yards megamall opened on the West Side of Manhattan roughly half a year ago, there were plenty of skeptics. And there still are. The development, a sprawling 1 million square feet of retail space, is …

Hudson Yards occupancy rates top estimates less than a year inRead More