Although most retailers found the implementation of the change in their
finance systems was fairly painless, they took a hit totalling several thousands
of pounds from the cost associated with changing price tags, communicating price
changes and setting a round number price point to items. Some of this additional
cost also came from customer refunds.
In a poll conducted in December,
said it found many of its retail clients – which include big high street
retailers such as Debenhams, Ikea and Next – did not believe the VAT cut would
have any effect on Christmas sales and said these business would face the same
problem when VAT rates were restored in 2010.
The biggest threat of turmoil relates to uncertainties over the US November elections. The markets will have to seriously consider the possibility of Donald Trump being elected
As the British government starts the complex process of considering the form of the UK’s post-Brexit relationship with the European Union (EU), one issue will be foremost in the minds of exporters – tariffs
Anthony Harrington examines the actions trustees and sponsors of defined benifit pension schemes should take in response to Brexit
The abrupt swing - from gloom and despondency after the Brexit result became known, to a mood of complacency now - is premature and deceptive, writes David Kern