Business

Pubs cheer business rates relief while other firms ‘left out in the cold’
Pubs welcomed the support package, while other High Street firms asked why they were left out.

Oil prices hit $100 for the first time since May
The price of Brent crude rose more than 5% on Thursday as the war in the Middle East continues to escalate.

Electricity bills to be subsidised as crude oil nears $100
The States of Guernsey said it would give Alderney Electricity (AEL) £200,000 to offset islanders’ bills.

Business rate cut not enough, says Michelin-star chef
Alex Claridge, owner of The Wilderness in Birmingham, said the proposal did not go far enough.

The Bottom Line
What was the best business move of the last 12 months and who made the biggest blunder?

VAT cut to be applied to Manx electricity bills
The 0% rate from October will apply to domestic customers and eligible firms on the Isle of Man.

What about cuts for cafes and hotels?
The new PM has announced at 20% business rate cut for pubs, clubs and live music venues in England,

Government to cut business rates for pubs, clubs and music venues
Some hospitality firms will get a 20% discount from next April, saving an estimated £1,100.

Charity ‘heartbroken’ as food ruined in break-in
FareShare North East says it lost 16 tonnes of food – the equivalent of 7,000 meals.

What we know about 20% cut to some business rates
Pubs, clubs and live music venues in England will get a 20% cut in business rates from April.