Around half of Brits plan to spend their money with small and local businesses in the wake of the coronavirus pandemic, a major study has revealed.
Small business confidence rises to positive territory for first time since 2018 as non-essential retail reopens
Small business confidence has risen to its highest level since autumn 2014, a major study has revealed.
Due to the new trade rules that came into effect on 1 January 2021, many UK businesses, who export to the EU, have been hit by extra charges, taxes and paperwork. Some have stopped exports to the EU as a result.
The Government has announced that it has extended the ban on commercial evictions until the end of 2020, meaning businesses cannot be evicted by landlords for getting behind on rent payments.
According to the new figures, the number of empty high street shops has risen to the highest level for more than six years following a wave of store closures as a result of the pandemic.
A new package of support will help high street businesses “get back on their feet” following the coronavirus lockdown, the Government has said.
One-third of small businesses believe they will never reopen as a result of Covid-19 disruption, according to the latest research.
Businesses in the retail, hospitality and leisure sector are expected to save around £10 billion this tax year through business rates relief, official figures have revealed.
High street businesses have been given a new lifeline after the business rates Retail Discount extension was reintroduced to Parliament this week.
According to the latest data from the British Retail Consortium (BRC), there were around 85,000 job losses in the retail sector in the past year.