Specialist business property adviser, Christie & Co, is delighted to announce the sale of the Jones Convenience Store in Shepton Mallett, Somerset. The Jones Convenience Store is a sizable freehold store with a three-bedroom owner’s flat above. It is situated in the Somerset town of Shepton Mallet, approximately 18 miles south of Bristol and five […]
In the second quarter of 2020, the overall GB vacancy rate increased to 12.4%, from 12.2% in Q1. This was the eight consecutive quarter of increasing vacancy rates, from Q2 2018. All locations saw an increase in vacancies in Q2, with shopping centre vacancies increasing to 14.3% from Q1’s 14.1%. On the high street, vacancies […]
Period Covered: 01 – 07 July 2020 Shop prices fell by 1.3% in July compared to a decrease of 1.6% in June. This is below the 12-month average price decrease of 0.9%, but above the 6-month average price decrease of 1.4%. Non-food prices fell by 2.9 % in July compared to a decline of 3.4% […]
A new tax on goods sold online is being considered by the chancellor amid growing concern about the collapse of the high street as Britain emerges from the coronavirus crisis. AAT (Association of Accounting Technicians) comments that online marketplaces should be liable for the collection and remittance of VAT to reduce VAT evasion and level […]
The government is reportedly examining how the ‘the tax system raises sufficient revenue’ to cover the cost of lost business rates, as the coronavirus pandemic continues to bankrupt many high street businesses. The Times newspaper reported on Monday that, following last week’s Treasury consultation paper on business rates, Chancellor Sunak is considering a 2% levy […]
The Office of National Statistics (ONS) retail sales figures for June showed sales soared by over 13% compared to May, to reach near-normal levels. In fact, with fuel sales excluded, they actually beat June 2019’s figures by 1.5%. However, the home delivery expert ParcelHero is warning stores that the devil is in the detail, and […]
The latest ONS retail figures show growth for the first time since lockdown began at 13.9%. Yet this presents a fraction of what is required to make sufficient inroads into the debt that retail businesses have built up during lockdown says RSM. Despite continuing record spending on food sales, total retail sales in the quarter […]
The results of the first fortnightly GM Recovery Tracker survey conducted by Greater Manchester Chamber of Commerce show a slight improvement in customer demand as the relaxation of lockdown measures continues. After a historic collapse in demand during lockdown, the survey reveals an improvement in sales but 43% of the respondents fear their revenues may […]
A specialist membership and insurance company for the health and beauty sectors has been able to secure all the jobs of its 14 staff during the coronavirus shutdown, after securing a Coronavirus Business Interruption Loan (CBIL) from Lloyds Bank. Warwickshire-headquartered Associated Beauty Therapists (“ABT”) is the UK and Ireland’s largest beauty and insurance membership provider. […]
Responding to the UK government’s consultation on its legislative proposals on the UK Internal Market, published today, BRC’s head of devolved nations, David Lonsdale, said: “We look forward to examining the legislative proposals in detail and to responding to the consultation in due course. “The UK’s departure from the EU is seeing new powers repatriated […]
