The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are Revolution Bars Group, National World and Frontier Developments. Read the Tuesday 2 April Business Live blog below.
Pub chiefs lead calls for major tax shake-up as they struggle with higher rates and increased wages
Industry chiefs want Labour and the Tories to make manifesto pledges to overhaul the business rates they pay on commercial property such as shops and bars.led calls yesterday for politicians to promise reforms after a double whammy of higher property taxes and increased wages hit the sector.
They want Labour and the Tories to make manifesto pledges to overhaul the business rates they pay on commercial property such as shops and bars.
Industry chiefs said they will be forced to put prices up for customers after rates increased 6.7 per cent yesterday – costing firms in England an extra £1.7billion.
Shop price inflation slows
UK shop prices grew at the slowest pace in more than two years last month, adding to signs inflation is now fading fast, fresh data from the British Retail Consortium shows.
Shop price inflation slowed to 1.3 per cent in March from 2.5 per cent in February, the smallest annual increase since December 2021.
Food prices rose by 3.7 per cent, down from 5 per cent, while non-food prices rose by just 0.2 per cent, slowing from a 1.3 per cent increase in February.
The Bank of England expects Britain’s headline rate of inflation to dip below 2 per cent in the April-to-June period, helped in large part by further falls in energy costs.
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BUSINESS LIVE: Shop price inflation slows; Revolution Bars shares suspended; House prices dip
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