Rishi Sunak has delivered his budget to lift business back onto its feet post-COVID.
The spin doctors at the UK’s Treasury Office have trumpeted Rishi Sunak’s 'ode to redemption' as a “£6bn tax cut for businesses".
A six-month extension period has been announced where rates will be two-thirds of the normal charge, up to a maximum of £2m for closed businesses.
But are such measures too little, too late?
As digital leaves in deepest ever footprint, is the traditional high-street- as we once knew it pre-pandemic - finally dead?
GDP growth forecast for 2021 has been downgraded to 4% (from 5.5%).
Unemployment is expected to peak at 6.5%
By 2023/24, debt is set to crest at 97% of GDP, with government borrowing reaching £335bn in 2021/21. (The highest level since WW2).
Where once stood titan high-street brands, now rest ghosts of shopping empires long-past.
Against this backdrop, can a hybrid of digital and bricks & mortar be a practical solution?
Will ‘experiential’ shopping prove to be the equivalent of a miraculous Pfizer shot in the retail’s arm?
‘On-the-shop-floor’ is a special Thought and Leaders panel discussion of respected retail experts:
Paul Brooks - the man who creates “moments of beauty” for world-renowned brands.
Martin Newman - customer service guru, author and former head of Multichannel operations of some of the world's leading brands.
Susannah Streeter - a highly respected BBC News broadcaster and financial commentator. (Currently Senior Investment and Markets Analyst at Hargreaves Lansdown).
Jonathan Sands - Founder, Co-Owner/Operator of one of London's only privately owned independent Museum's, producing and maintaining the 'Bond in Motion' Exhibition ….Co-Owner/Operator of acclaimed multi-million global entertainment merchandise retail stores.
Tune into what could be 2021's most compelling retail debate to date.
(42 minutes listening time).
Subscribe to Thought and Leaders on your favourite podcast platform today.
Thought and Leaders in a Gabay production.
To sponsor the show or if you are interested in award-winning content, including digital content training for your organisation, please DMor email:
ask@thoughtandleaders.com