Lancashire business community eyes looming Autumn Statement with trepidation

  • 📰 LiveLancs
  • ⏱ Reading Time:
  • 71 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 87%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

The announcement will be made tomorrow

Beleaguered Lancashire shopkeepers are waiting with bated breath for the Chancellor’s Autumn statement - but not expecting any favours.

With all of these bleak predictions in mind, we took to the streets of Lancashire to find out what people think of the cost of living crisis, and what they would like to see in the Chancellor’s Autumn Statement to help people. Over at The Friary, a fish and chip shop on King Street in Whalley, owner Daniel Stevenson says he has "weathered the storm" so far - but wonders if a VAT cut would be helpful.

“I'm hoping we don't have to put them up a fourth time - if you don't pass it on, it becomes not viable and you might as well pack up. In 2010, our price list says fish and chips was £3.90; now it's nearly £10, so it's frightening when you think how much stuff has gone up. Equally pragmatic is Alex Smith, of specialist shop Whalley Warm and Dry, at the end of King Street, who says that business is good at their end, despite it "not being the best situation for everyone". Top of his priority list is help with energy bills and help with taxes for employees, he said, adding: “I would probably say it needs help with energy and cutting taxes for our staff would not go amiss.

"I've noticed there's a big difference and things have gone up, even when I go to Aldi and Lidl. This is a lovely shop - I don't think people have the surplus money to buy things like we are selling here like candles, baby clothes, jewellery.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What do we know will be in the Autumn Statement?Jeremy Hunt is expected to dismantle his predecessor Kwasi Kwarteng plans announced two months ago. Let me guess..The little people are once again going to pay for the screw ups of the maladministration of OUR taxes by paying more damned taxes to the rich. That unless I’m a rich Tory donor I’m likely to struggle?!? End of the TV licence hopefully
Source: BBCLondonNews - 🏆 115. / 51 Read more »

Rishi Sunak ‘set to increase minimum wage to £10.40’ in Autumn StatementIt's been reported prime minister, Rishi Sunak, could give a huge boost to the poorest workers in the UK by increasing the living wage to £10.40 an hour. Believe it when you see it. Too many briefings to establish truth from fiction. So huge, they'll still be worse off... We want £15-20 think of the money e would spend in our local community boosting local businesses, in like the supper rich who keep their money in offshore accounts refusing to pay tax that pays for our NHS
Source: MetroUK - 🏆 13. / 82 Read more »

Autumn Statement: When is it and how will it affect me?With the UK facing a cost-of-living crisis the government is set to unveil tax and spending plans.
Source: BBCLondonNews - 🏆 115. / 51 Read more »

Sunak seeks to use Autumn Statement to lay ground for Tory revival\n\t\t\tGet local insights from Lisbon to Moscow with an unrivalled network of journalists across Europe,\n\t\t\texpert analysis, our dedicated ‘Brussels Briefing’ newsletter. Customise your myFT page to track\n\t\t\tthe countries of your choice.\n\t\t
Source: FT - 🏆 113. / 51 Read more »

Average council tax bills could rise above £2,000 after Autumn Statement to fund social careChancellor Jeremy Hunt hinted at plans to allow town halls to raise bills by 5 per cent to fund social care and other services amid surging inflation
Source: i newspaper - 🏆 8. / 89 Read more »

Rishi Sunak Signals Benefits And Pensions Will Rise With Inflation In Autumn StatementHis comments came as the consumer prices index hit 11.1% - the highest rate in 40 years.
Source: HuffPostUK - 🏆 108. / 51 Read more »