Sunday, February 28, 2021
High streets at risk of being ‘hollowed out’ without continued support – Labour

High streets at risk of being ‘hollowed out’ without continued support – Labour

Tourist hotspots reliant on the hospitality, leisure and retail sectors are in danger of seeing their high streets “hollowed out” if (...)
IFS Chancellor Rishi Sunak budget

Government urged to phase out furlough support

A new study by the IFS has called for a budget on March 3 which balances the need for continuing Covid-19 support and discouraging people to use it.
Fix Price Sergei Lomakin Artem Khachatryan

Russian discounter Fix Price plans London IPO

Russian discount retailer Fix Price is planning a London stock market listing, which could value the company at more than $6 billion (£4.3 billion).
Paperchase acquisition Permira Debt Managers Primary Capital

Paperchase’s new owners dismissed review of pre-pack administration

Paperchase owners have reportedly chosen not to refer their acquisition to a scheme that reviews the sale of failed companies’ assets to connected parties.
Association of Convenience Stores British Property Federation British Independent Retailers Association Booksellers Association

Residential developments could harm high streets, lobby groups warn

The conversion of commercial property to housing could put the viability of town centres as risk, the government has been warned.
Treasury covid-19 pandemic lockdown

Covid-hit retailers to be given further support, business secretary says

Business Secretary Kwasi Kwarteng has announced he is working with Chancellor Rishi Sunak in an effort to provide further support to Covid-hit businesses, after calls to extend the business rates holiday.
Government reported to be working on “excessive profits tax” for online giants after coronavirus windfall

Government working on “excessive profits tax” for online retail giants

Downing Street is said to be working on two taxes for retail and tech firms, according to The Sunday Times. Retailers that saw business boom during the pandemic may be faced with one-off tax charge.
65+ retail CEOs sign letter to PM demanding laws to better protect shopworkers

65+ retail CEOs sign letter to PM demanding laws to better protect shopworkers

More than 65 bosses from retailers and industry bodies have written to Prime Minister Boris Johnson urging him to (...)
business rates rishi sunak Treasury

Government urges councils to delay issuing business rates

The government has urged England's councils not to issue business rates bills this month ahead of the new 2021/22 financial year.
‘Buy now, pay later’ firms like Klarna and Laybuy will now face tougher regulations by UK authorities after their usage nearly quadrupled last year.

“Buy Now, Pay Later” firms to be hit with FCA regulation amid growing debt...

‘Buy now, pay later’ firms like Klarna and Laybuy will now face tougher regulations by UK authorities after their usage nearly quadrupled last year.

Feature Resource

The 2021 Fraud Prevention in E-commerce Report

E-commerce risk teams are undoubtedly feeling the weight of 2020’s mass-scale disruption and its impact on consumer behaviors and digital payment fraud. This new...