In her first spring statement and second budget as UK Chancellor, Rachel Reeves presented a plan aimed at kick-starting the country’s faltering economy. In her statement on Wednesday, the UK’s first female Chancellor admitted that “growth is still not where it should be” but nonetheless reiterated the government's decision to raise the National...
27 Mar 2025
A new report by the British Chambers of Commerce (BCC) has underlined some worrying developments in the realm of UK business, where confidence is slipping ahead of the incoming Autumn Budget. In the organisation’s ‘Quarterly Economic Survey’, for which over 4,800 UK businesses were polled, around 63 percent of firms said the Chanceller’s autumn...
6 Jan 2025
If anything, 2024 was a year in which the world underwent somewhat of a global political evolution, with many countries undergoing elections that will make next year a one rife with change. FashionUnited takes a look at what is on the horizon as the biggest stories of this year continue to unfold into 2025. What is to come under Trump’s return...
30 Dec 2024
A new bill put forth by the UK’s Labour Government is hoping to shake things up in what the administration said will be “the biggest upgrade to workers’ rights in a generation”, replacing so-called “out-of-date” employment laws. The Employment Rights Bill is currently in the committee stage in the House of Commons, and is still being debated and...
11 Nov 2024
The Autumn Budget, the first to have been issued by Labour in 13 years, has received mixed reactions from industry insiders and experts alike, with a 40 billion pound uptick in taxes being at the centre of discussion. On Wednesday, Chancellor Rachel Reeves unveiled the budget via a lengthy speech in which she noted that she did “not take this...
31 Oct 2024
A new white paper by QSA Partners has outlined a call on the UK government to implement variable Extended Producer Responsibility (EPR) fees to help drive sustainability and establish a circular economy in the UK fashion and textiles sector. The report, which was backed by UKFT, BFC, the BRC and several fashion brands, looked to emphasise the...
26 Sept 2024
In what has been a largely anticipated turnout, Labour has swung the election with a landslide majority, making Keir Starmer the UK’s next prime minister (made official once King Charles III formally requests him in during a ceremony later today). It marks the first change in government in 14 years, throughout which the Conservatives served at...
5 Jul 2024
The New West End Company (NWEC), which represents more than 600 UK and international firms in London's West End, has unveiled a new manifesto laying out policy priorities and recommendations for the future government ahead of the upcoming general election in the UK. The manifesto has been built on insights from its hundreds of members to outline...
11 Jun 2024
Prime minister Rishi Sunak has confirmed that the next UK general election is to take place July 4. The announcement came after it was reported that the region’s annual inflation had fallen to its lowest level in three years. According to the Office of National Statistics (ONS), prices rose by 2.3 percent in the 12 months to April 2024, down...
23 May 2024
Jeremy Hunt outlined his Spring Budget earlier this week and, like his prior Autumn Statement, was met with mixed reactions from the retail industry as a whole. His speech to MPs began by outlining the government’s achievement of lowering inflation from 11 percent, when prime minister Rishi Sunak came into office, to 4 percent, which Hunt said “...
7 Mar 2024
A new report by the Centre for Economics and Business Research (Cebr) has said that the UK’s widely debated ‘tourist tax’ is costing the region’s economy 11.1 billion pounds in lost gross domestic product (GDP). Cebr said that it had used tourist data released by the government last week to analyse the impact of scrapping the VAT-free shopping...
30 Jan 2024
Chancellor Jeremy Hunt delivered his highly anticipated Autumn Statement at the House of Commons yesterday, and has since been met with a mixed bag of reactions from the retail industry, much of which was expecting much more in the way of assistance. Among the new measures, Hunt announced that business rates would be frozen for smaller...
23 Nov 2023