Britain has moved up a place in the global competitiveness rankings, thanks to improving fiscal deficit and an increasing number of high-tech businesses.
Helen Dickinson, director general at the British Retail Consortium (BRC) on Wednesday said it was “very disappointing” that Chancellor George Osborne had chosen not to put any restrictions on the proposed rise in business rates in April during his Budget announcement this afternoon.
The Guardian has reported that the UK’s high streets have the highest volume of empty stores compared to any time in the last four years, as retailers suffered an influx of post- Christmas closures.
George Osbourne has continued his campaign to see the Sunday trading laws in the UK suspended during the eight weekends around the London Olympic Games this summer. The BBC on Sunday reported that the Chancellor will propose emergency legislation so large shops across England and Wales will be able to trade for longer than six hours on Sundays.
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