the budget news and archive

National Living Wage may negatively impact independent retailers

The Chancellor used his first Conservative Budget to cut benefits for low-paid employees whilst introducing a National Living Wage which will force businesses to pay them more. However, a number of retail analysts have warned that this new wage may have a "devastating impact" on independent retailers and may lead to price increases for...

Retail

Restrictions on Sunday trading hours to be lifted in the Chancellor's budget

One of the largest changes to trading laws is set to be revealed on Wednesday. The Chancellor is poised to lift the Sunday restrictions on trading and allow Britain's towns and cities decide how long shops may stay open on Sunday, putting an end to the national ban on large stores open for more than 6 hours. Under current legislation, bigger...