Posts Tagged ‘Alistair Darling’

Retailers resigned to VAT rise as chancellor refuses to budge

Retailers have given up trying to convince chancellor Alistair Darling that a VAT rise back to 17.5 per cent on January 1 would be a bad move for the trade.
Despire warnings that the move could hit growth in the crucial first quarter of 2010, the chancellor is committed to the plan, though some stores [...]

Hamleys calls for VAT increase to be delayed

The toy retailer Hamleys has added its voice to the growing clamour of retailers urging chancellor Alistair Darling to delay the proposed VAT increase, currently scheduled to take place on the incredibly un-retailer-friendly date of January 1. CEO Gudjon Reynisson says the increase should be postponed until consumer confidence has returned.
The chancellor’s idea has [...]

Government action must be taken over bank lending and credit insurance

As increasing numbers of retailers protest the Chancellor Alistair Darling’s current decision to raise VAT back to 17.5 per cent on December 31 2009 (Give it up Al!), the British Retail Consortium is calling upon the Government to improve upon the scarcely beneficial credit insurance scheme announced in June and take firm action over bank [...]

Tesco urges Chancellor to be sensible about VAT increase

Tesco is urging Chancellor Alistair Darling (does this man EVER go shopping?) to postpone the VAT rise, which is scheduled to take place on December 31st. This will be the second year running that the Government, in its supposedly greater wisdom, has decided to turn the retail world upside down at its busiest time, after reducing [...]

Time to leave the country?

I must confess that despite the glorious sunshine I began the morning in rather an angry mood. First up on the annoyance list was the train (what else) which was running late because - and I quote - London Midland was: “Awaiting a driver.” Storming off for a walk along the canal, the connection between [...]

Pressure on chancellor ahead of Budget

With the Budget less than a week away retail industry leaders are stepping up pressure on chancellor Alistair Darling to implement measures that will help support the trade through the economic downturn.
The BRC has been relentless in urging the chancellor to rethink any plans to raise business rates warning that over 19,000 retail jobs could [...]

Mounting pressure on Government to freeze business rates

The Local Government Association has added its voice to the rising tide of complaint against the hugely controversial rise in business rates that’s scheduled to come into force in April. Some firms are set to see their rate bills rise by an astonishing 1000 per cent, with tens of thousands of small companies - already hit hard by [...]

Is capitalism in its death-throes?

It seems I’ve not been wrong about the wind of change blowing fiercely around the UK and wider world, with the Financial Times, no less, now questioning the future of capitalism. The paper declares that: “The credit crunch has destroyed faith in the free market ideology that has dominated the Western economic thinking for a [...]