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Business rates changes will cost me £62,000
Posted onThe owner of a small pub chain in the south east of England has said his costs will rise by £62,000 per year after changes announced in the Budget. Phil Thorley, who runs the Thorley Taverns pub group, said business rates – a tax on commercial properties – will rise for 17 of his 18…
Retail sales hit highest level since 2022
Posted onRetail sales volumes have risen for the fourth month in a row, driven by consumers buying gold online and new tech gadgets. Monthly sales rose by 0.5% in September 2025, new figures from the Office for National Statistics (ONS) show, defying an expected decrease of -0.2%. “Although food stores saw very little growth, good weather…
Government borrowing costs jump on reports of Reeves dropping income tax rise
Posted onReuters UK government borrowing costs have risen in reaction to reports the chancellor will not increase income tax in the upcoming Budget. The interest rate on 10-year government bonds, known as the yield, jumped to 5.56% from 5.44%, indicating the cost to government if it chose to borrow over this length of time. The jump…
