The end of one of the longest recessions in living memory should surely be something to celebrate – disposable income is expected to rise while inflation drops, businesses can finally begin investing again and the mass closing of retail outlets should... Read More
As Superstorm Sandy swept along the US East Coast on Monday, US retailers were forced to close the shutters on 10 per cent of their stores, according to latest figures. As shops begin to reopen forecasters are now assessing the long-term impact of the storm... Read More
The government has been warned that the proposal to postpone the business rates revaluation until 2017 is the “retail equivalent of the poll tax.” In a heated parliamentary debate MPs also questioned whether the Valuation Office Agency (VOA) was “fit... Read More
Tony Blair has agreed to pay interns working in his office, following pressure from careers website Graduate Fog. The former prime minister also faced the threat of a possible investigation by HMRC which enforces the minimum wage. The news comes only a... Read More
London Mayor, Boris Johnson has approved plans to turn what once was a popular dog racing track, into a housing and leisure complex. But the approval hasn’t gone down too well with local MP’s and campaigners alike. Walthamstow greyhound track... Read More
Debenhams has announced plans to expand aggressively through stores and online retailing, amid signs that consumer confidence is improving. Chief executive of Debenhams, Michael Sharp, said he saw the opportunity for 70 more Debenhams stores in the... Read More
Comet has confirmed that is will be put into administration next week after no buyers were found to save the electrical chain. This week has been tough for the retailer as Deloitte, the appointed administrators, tried in vain to find a buyer for the 240 store... Read More
Many British businesses continue to struggle, as although the recession is officially over, consumers are still wary of excessive spending in case the economy takes a turn for the worst once more. This has meant that parent companies often find themselves... Read More
There are signs that the collapse in UK commercial property values is coming to an end, according to a leading banker. Ben Broadbent, who sits on the Bank of England’s Monetary Policy Committee, believes that the UK market is better placed than most to... Read More
The Metropolitan Police could sell its New Scotland Yard headquarters in a bid to save £500 million over the next two and a half years. The proposal comes as the force seeks to dispose of a third of its property estate to deliver the savings and improvements... Read More
