Topic
tax cuts
Business Birmingham Michelin Chef Says Business Rates Cut 'Not Enough' for Struggling Restaurants
Michelin-starred chef Alex Claridge, owner of Birmingham's The Wilderness, says the government's 20% business rates reduction for pubs, social clubs, and live music venues does not go far enough and omits restaurants, cafés, hotels, and cinemas. He calls for a VAT reduction instead, warning that many independent hospitality businesses are barely breaking even despite full dining rooms.
UK Government to Cut Business Rates by 20% for Pubs, Clubs and Music Venues
The UK government has announced a 20% cut in business rates for pubs, clubs and live music venues in England from April, saving firms around £1,100 next year. The £100m cost will be funded by reviewing tax relief on vape shops and clamping down on online marketplace tax compliance. Industry figures welcome the move but caution it may not offset rising costs.
Business Trump Claims 'Soaring' Economy on Record Stock Rally, Tax Cuts Ahead of Independence Day
President Donald Trump on Friday declared the US economy was 'soaring,' pointing to a record quarterly stock market performance, tax cuts, narrowing trade deficit, and surging investment. His remarks came ahead of the nation's 250th Independence Day and were amplified by a Mount Rushmore speech and a CNBC interview.
Trade Soybean Oil Competitive in 2027 as Argentina Plans Export Tax Cuts
Argentina will gradually reduce export taxes on soybean and soy byproducts from January 2027 to December 2028, improving competitiveness for major importers like India. The US Department of Agriculture (USDA) reported the plan, announced by President Javier Milei on May 21 and published in the Official Bulletin on June 3, 2026. The cuts aim to support soybean cultivation and could benefit India, which imports around 2.5 million tonnes of soybean oil from Argentina annually.