The party’s over: Pub bosses warn pint prices will rise despite Budget promises October 28, 2021 A major pub boss has swiftly ended the party for cheaper pints, warning prices could creep up by 25p to 30p in spite of the 3p price cut promised by ‘fizzy Rishi’ in Wednesday’s Budget. Speaking to BBC’s Today Programme, Shepherd Neame chief executive Jonathan Neame, whose brewery runs 300 pubs across the South East, [...]
London titans fear business rates relief cap will leave them with ‘same old headache’ October 28, 2021 Central London businesses and landlords have been left disappointed after a cap on a new business rates discount. At the dispatch box on Wednesday, Chancellor Rishi Sunak announced a one-year discount of 50 per cent for businesses in the hospitality, retail and leisure sectors. Eligible businesses will be able to claim a discount on their [...]
World’s largest brewer AB InBev upgrades earnings growth forecast after success in Brazil October 28, 2021 Budweiser maker AB InBev has upgraded its earnings growth forecast for 2021 after it reported a surprise jump in profit. An unexpected third-quarter profit increase came after the world’s largest brewer’s beer sales were boosted by Brazilian consumers. The Belgium-based brewer said on Thursday it anticipated EBITDA to grow between 10 per cent and 12 [...]
Tesco joins forces with Gorillas delivery app October 28, 2021 Tesco has announced it is launching a pilot with speedy delivery company, Gorillas. Supermarket customers will be able to order Tesco products to their doorsteps via the Gorillas app, from Thursday (October 28). Gorillas will set up micro-fulfilment sites at five large Tesco stores, to pick, pack and deliver to customers. The app’s first Tesco [...]
Rishi Sunak: I won’t apologise for cutting alcohol duty on champagne in prosecco in Budget October 28, 2021 Rishi Sunak said this morning he will not apologise for cutting alcohol duty on Champagne, prosecco and other sparkling wine in the Budget. Speaking to Sky News, Rishi Sunak said: “I’m not going to make any apologies for that. We have an irrational system at the moment of how we tax alcohol. “The new system [...]
Hundreds of thousands of Brits receive mystery Amazon parcels in ‘brushing’ scam October 28, 2021 A scam known as “brushing” may have impacted up to 1m UK households after they received mystery Amazon parcels designed to boost the rankings of third party sellers. Consumer group Which? said it was concerned at the numbers of households reporting receiving a mystery Amazon package at their home address that they did not order [...]
John Lewis in hot water as “misleading” ad is pulled October 27, 2021 John Lewis was forced to apologise after it aired an ad that was considered potentially misleading by the financial watchdog. “This advert has been withdrawn because the Financial Conduct Authority (FCA) considers the content to be potentially misleading and could cause customers to be confused about John Lewis’s new home contents insurance offering,” the department [...]
Was John Lewis’ home insurance ad dressed for success? October 27, 2021 John Lewis’ new home insurance ad – in which a small boy dances in a dress to Stevie Nicks’ Edge of Seventeen – has been described as “a glorious antidote to toxic ‘boys will be boys’ messaging” and “everything wrong with modern Britain”. Data from YouGov BrandIndex UK shows that the public were aware of [...]
Rishi Sunak’s Autumn Budget: A quick overview of what has been announced October 27, 2021 Downing in numbers and announcements? No worries, here are the main points from Chancellor Rishi Sunak’s Budget. – The Budget is focused on the “post-Covid” era, according to the Chancellor, and will pave the way for the “Prime Minister’s economy of higher wages, higher skills, and rising productivity”. – Independent forecaster the Office for Budget [...]
Budget 2021: Retail chiefs disappointed after no decision on online sales tax October 27, 2021 Retail bosses have said the Chancellor’s silence on an online sales tax in the Budget comes as “another blow” to the beleaguered high street. While Rishi Sunak did not mention the mooted sales tax at the dispatch box, the autumn budget and spending review stated ministers will “continue to explore the arguments for and against” [...]