Budget 2025: Retail Industry Reacts

UK Budget triggers split response across retail industry

The latest Budget cuts business rates for small shops while raising them for large retailers and chains.The post UK Budget triggers split response across retail industry appeared first on Retail Insight Network.

Budget 2025: Retail industry reacts

Chancellor Rachel Reeves delivered her second Budget today, prompting mixed reactions from the retail sector. Reeves announced permanently lowered business rates for 750,000 retail, hospitality and leisure businesses, funded by higher rates for properties worth over £500,000 utilised by “warehouse giants”. While the customs duty relief on low value goods under £135 will also be scrapped from March 2029 at the latest, preventing online retailers …

Budget “bad news” for aviation industry, says BALPA

The British Airline Pilots Association (BALPA) today condemned Chancellor of the Exchequer Rachel Reeves’ Budget as “bad news for the aviation industry”. The budget raises Air Passenger Duty (APD), which BALPA says will hit families going on holiday the hardest. It also makes no provision to address the UK’s urgent need to train new pilots. The union – which represents over 10,000 UK airline pilots – warned earlier this week that pilot training,…

2025 Budget: “Permanently lower” business rates for hospitality

Reading Time: 6 minutes UK: Chancellor Rachel Reeves delivered the Autumn Budget today, revealing “permanently lower tax rates” for hospitality properties.  The 2025 Budget aims to fill a £20 billion spending gap, with tax rises amounting to £26 billion.  A sugar tax, formally known as the soft drinks industry levy (SDIL), and a tax on overnight stays in England were among the measures previously announced. From April 2026, the government also c…

Reeves promises lowest business rates since 1991

Chancellor Rachel Reeves has unveiled a £4.3bn business rates relief package and permanently lower multipliers for over 750,000 retail, hospitality and leisure sites. The reforms, part of the 2025 Autumn Budget, will be funded by higher rates on properties above £500k.