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Rayner calls for Starmer to appoint night-time economy minister

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Rayner calls for Starmer to appoint night-time economy minister



Angela Rayner has called for Sir Keir Starmer to appoint a dedicated night-time economy minister as she warned “more needs to be done” to support the industry.

In a challenge to the Labour Government, the former deputy prime minister suggested venues face a “triple whammy” of costs with business rates, VAT and a minimum wage increase, on top of other pressures.

Speaking at a summit on the night-time economy in Liverpool, Ms Rayner said the sector should have a “true champion on the national stage” to represent its interests.

The Labour MP, who served as Sir Keir’s deputy and as local government secretary until resigning last year after a row over her underpayment of stamp duty on a new property, told an event in Liverpool: “We need to do better.

“We need to recognise the value of this industry, economically, culturally, socially.

“We need to design policy with the industry and not for it.”

She added: “I would support the Government in having a named minister with responsibility for the night-time economy to champion the sector inside Government and ensure that the voices of small and medium businesses are heard loud and clear.”

In a Q&A following her speech, Ms Rayner said “the ministerial position is really important” and urged Labour to avoid a “one-size-fits-all” approach to the sector.

The MP, who also previously oversaw Labour’s workers’ rights package and is widely seen as a potential successor to Sir Keir amid recent speculation about his future in No 10, also lamented the “challenges” to business of rising costs.

“I think we’ve got to recognise, it’s not even a double whammy, it’s not even a triple whammy, I talk about the challenges on business rates, the challenges on VAT, the challenges of the minimum wage going up and the living wage going up,” she said.

“And the cost of energy – we’ve got to start looking at the intersectionality of all these challenges and start relieving some of them.”

In her budget last year, Chancellor Rachel Reeves slashed a discount on business rates for pubs introduced during the pandemic.

Following anger from landlords, a £300 million “lifeline” for pubs was announced in January in a bid to ease concerns.

Also coming in April are new rateable values of business properties, which have been revalued to reflect changes in the property market.

Labour needs to “put rocket boosters on what we promised at the election and start delivering now”, Ms Rayner added, arguing that firms also need a “more permissive approach to licensing”.

“If we’re serious about recovery, then we must fuel the recovery of them (businesses),” she said.

“That means recognising the value not just in rhetoric, but in policy. And this is where we must be candid.

“There is, without doubt, a clear divide between policy that truly understands the night-time economy and policy that simply applies a one-size-fits-all approach.

“Too often, policy is done to this sector, not with it. And I recognise clearly and openly that more needs to be done to engage the industry directly and consistently and respectfully, to listen, to co-design, to recognise expertise where it exists.”

Responding to Ms Rayner’s speech, shadow business secretary Andrew Griffith said she had “finally realised the cumulative impact” of the Government’s “anti-business policies” on the economy.

“But these words will ring hollow for many, given she was one of the principal architects of the job-destroying Employment Rights Bill,” the Tory frontbencher added.

Several Labour figures have suggested changes should be made to the way Government operates in recent days following the fallout from the Peter Mandelson scandal.

Her recommendation of a new ministerial post follows calls from female Labour parliamentarians for Sir Keir to appoint a woman as his de facto deputy after a series of controversies which critics say has exposed a “boys’ club” in Downing Street.

No 10 has rejected the accusations about the way it has been run, but the Prime Minister has said he would consider a suggestion from Baroness Harriet Harman to revive the position of first secretary of state, which functions in practice as a deputy prime minister, and give the role to a woman.

A Government spokesperson said: “Thriving nightclubs are often at the heart of communities and play a key role in supporting economic growth across the UK.

“That is why we are taking action to support the sector including tackling late payments, speed up licensing reforms and cut red tape while our £4.3 billion support package will cap big business rate bill hikes – and we are publishing a new high streets strategy later this year to renew our neighbourhoods.”



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GST collections rise 8.2% in March 2026 to hit Rs 1.78 lakh crore – The Times of India

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GST collections rise 8.2% in March 2026 to hit Rs 1.78 lakh crore – The Times of India


GST collections: India’s net Goods and Services Tax (GST) collections increased to Rs 1.78 lakh crore in March 2026, marking a rise of 8.2% compared to the previous month, according to official figures released on Wednesday.Gross GST revenue for March stood at Rs 2 lakh crore, which is an 8.8% increase over the same month last year.Abhishek Jain, Indirect Tax Head & Partner, KPMG says, “GST collections continue to show steady 9% annual growth, supported by strong import activity this month and consistent compliance. While export refunds have eased this month but remain healthy overall for the year”Refunds during the month totalled Rs 0.22 lakh crore, up 13.8% on a year-on-year basis, which resulted in net GST collections of Rs 1.78 lakh crore.Domestic GST revenue reached Rs 1.46 lakh crore, registering a growth of 5.9%, while revenue from imports was recorded at Rs 0.54 lakh crore, rising sharply by 17.8% during the period.Post-settlement GST figures across states presented a varied trend. While industrially advanced states recorded strong growth, several others reported a decline.Maharashtra contributed the highest amount to the overall collections at Rs 0.13 lakh crore on a pre-settlement basis, followed by Karnataka and Gujarat.Among states showing an increase in post-settlement SGST collections were Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Gujarat, Maharashtra, Karnataka, Kerala, Tamil Nadu, Telangana and Andhra Pradesh, among others.On the other hand, states such as Jammu and Kashmir, Chandigarh, Delhi, Arunachal Pradesh, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Chhattisgarh and Madhya Pradesh, among others, registered a decline in post-settlement SGST revenues.



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Iran war worries fail to dampen business sentiment in Japan

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Iran war worries fail to dampen business sentiment in Japan



Business sentiment among major Japanese manufacturers rose from 16 to 17 in March, according to the Bank of Japan’s quarterly survey released on Wednesday.

The improvement in the so-called diffusion index in the closely watched “tankan” report, recorded for the fourth quarter straight, comes even as worries grow about Japan’s economic growth and oil supplies because of the US-Israeli war on Iran.

The survey is an indicator of companies foreseeing good conditions minus those feeling pessimistic.

The index for large non-manufacturers, such as the service sector, stood unchanged from the last tankan at 36.

Japan’s inflation has so far remained relatively moderate, but worries are growing about prices at the gas stands and other products. Investors and consumers alike are filled with uncertainty about how much longer the war may last and what US president Donald Trump might say next. Japan’s benchmark Nikkei 225 has gyrated wildly in recent weeks.

Analysts say the Bank of Japan may start to raise interest rates because of concerns about inflation, given the soaring energy costs and declining yen, two elements that greatly affect living costs for the average Japanese consumer.

Historically, Japan has benefited from a weak yen because of its giant exports, exemplified in autos and electronics. A weak yen raises the value of exports’ earnings when converted into yen.

But in recent years, a weak yen is working as a negative, as resource-poor Japan imports much of its energy, as well as other key products such as food and manufacturing components.

The US dollar has been soaring against the yen lately.

Japan’s central bank had a negative interest rate policy for years to fight deflation until it normalised policy in 2024. It kept the rate unchanged at 0.75 per cent in March. The next Bank of Japan monetary policy board meeting is set for April 27 and 28.



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Iran war: Asia stocks jump after Trump suggests conflict could end in weeks

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Iran war: Asia stocks jump after Trump suggests conflict could end in weeks



The price of Brent crude oil to be delivered in May rose by a record 64% in March as the conflict disrupted energy supplies.



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