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Retailers are reeling from the latest data announced by the Office for National Statistics! The data indicates a 0.7% growth in value of UK sales in October from the previous month as well as a 5.4% growth from the previous year.
The British Retail Consortium was quick to accuse the ONS of producing sales figures that “paint an overly rosy picture” of shopping in the UK. In truth, sales will have been generated by the early and heavy discounting by retailers. However, everyone knows that the practice of offering discounts cannot carry on long term without a negative impact on the retailers.
The BRC is keen to ensure that this “rosy picture” does not distract the Government from looking at ways to help struggling retailers. Planned increases in fuel duty, rises in business rates and unemployment have not gone away. Now is not the time for creative festive cheer…..
Judgement has been handed down for the seminal case of Cardtronics UK Ltd and others (Respondents) v Sykes and others (Valuation Officers) (Appellants) [2020] UKSC 21.
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Following an MP debate on 5 November 2019, the government is due to release long-awaited guidance as to how it intends to protect workers in the retail industry against violence, harassment and abuse.
Some commentators had anticipated that persisting retail sector challenges might disrupt more than the make-up of the high street or commercial property negotiations between landlords and tenants.
Mandatory registration under the Drone Safe Drone and Model Aircraft Registration and Education Service starts at 00.00 on 30 November 2019.
Partner and Head of Real Estate
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