Tax uncertainty hurting retailers
We tend to avoid political commentary, but in this instance, the government (understood widely – those in the Cabinet, in the Shadow Cabinet, as well as all the elected representatives) need to be called out as the company tax system lingers in a half-cooked state between 30% and 25%, under a threat to be reversed if the government changes at the next election. It is hard to comprehend how there can be any opposition to dismantling the antiquated two-tier company tax system, all this does is encourage companies to stay just below the threshold. It is equally difficult to operate a business under an uncertain tax regime. Surely our politicians understand that nothing is worse for business, and therefore retailers, than chaotic rules?