Relief for retailers as business rate changes in budget not as bad as feared

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Retailers have breathed a sigh of relief after changes to their business rates bills in the budget were not as bad as feared, after the industry had warned for months that more punitive measures could lead to shop closures and jobs losses.The chancellor, Rachel Reeves, on Wednesday revealed plans to permanently reduce business rates for retail, hospitality and leisure properties – although the discounts are not as generous as those that have been in place since the pandemic.About 750,000 properties in those sectors will see their bills set below the current standard level, with deeper discounts for smaller operators, according to the government.Businesses are still calculating what their ultimate bills will be, but the global tax firm Ryan calculated that there are 3,480 retail properties in England that have the higher rateable value and together would pay an extra £112m in business rates from April 2026.However, the government is providing billions of pounds of “transitional relief” to help those whose bills will increase dramatically next year.

Jitters over the government’s final decision had led the British Retail Consortium (BRC), which represents most big retailers, to warn in September that a large rise in bills could lead 400 big stores to close and put as many as 100,000 jobs at risk.However, reacting to the budget on Wednesday, the chief executive of Sainsbury’s said “industry concerns have been heard”.“We all want to see inflation and the cost of living come down,” said Simon Roberts.“We welcome the government’s decisions in the budget on business rates, and that industry concerns have been heard.We have been working tirelessly to manage rising costs, and today’s measures mean we can continue tackling inflation and providing great value, quality and service for our customers.

”Those in buildings with a rateable value of more than £500,000 will pay an additional surcharge, although the charge will only be about a quarter of the level originally feared.Many retailers and hospitality businesses will also see the charge offset by deflation in the value of many of their properties, as well as the use of a lower “multiplier” figure which is used to calculate business rates.Analysts at Citi said they had predicted that the business rates changes could cost Sainsbury’s as much as £39m more, and Tesco £100m, but the chancellor’s announcement meant “that headwind is likely to be materially lower than we had expected”.George Weston, the chief executive of Primark owner Associated British Foods, said: “The net impact of the business rates reforms to Primark is positive, but we are disappointed that larger, anchor stores that drive so much activity in high streets and local communities are not exempted from the higher rate for large properties.“We recognise that the government is operating in a difficult environment.

Looking ahead, however, we now need to see more action to raise real living standards, drive growth and to reduce the cost of doing business to encourage companies to invest in the UK.”The BRC chief executive, Helen Dickinson, said it was a “mixed-bag budget” that offered relief for many shops, but brought in new costs for others.“Retailers face a delicate balancing act as they strive to invest, hire, and keep prices affordable.The announced permanent reduction in retail business rates is an important step to reduce the industry’s burden from this broken tax.Yet the decision to include larger retail premises in the new surtax does little to support retail investment and job creation.

”But the business rates changes have stoked frustration beyond the retail industry.Kate Nicholls, the chair of UKHospitality, which represents thousands of restaurants, pubs and cafes, said: “Wage rises, holiday taxes and monumental increases in [property values used to calculate rates] have put even further pressure on hospitality businesses as a result of this budget.”Business lobby group the CBI said the budget overall signalled the government’s growth mission was stalled.Rain Newton-Smith, the CBI chief executive, said: “A scatter-gun approach to tax risks leaving the economy stuck in neutral.”The City welcomed the chancellor’s decision to introduce a three-year stamp duty holiday on the purchase of shares in companies listing in the UK.

Dame Julia Hoggett, chief executive of London Stock Exchange, said the move was “a clear acknowledgment of the vital role equity markets play in driving investment, innovation and job creation.It is also an important first step in removing the distorting effects of this duty, which has historically disincentivised investment in UK companies, especially for retail investors.”
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‘Alicante cuisine epitomises the Mediterranean’: a gastronomic journey in south-east Spain

The Alicante region is renowned for its rice and seafood dishes. Less well known is that its restaurant scene has a wealth of talented female chefs, a rarity in SpainI’m on a quest in buzzy, beachy Alicante on the Costa Blanca to investigate the rice dishes the Valencian province is famed for, as well as explore the vast palm grove of nearby Elche. I start with a pilgrimage to a restaurant featured in my book on tapas, New Tapas, a mere 25 years ago. Mesón de Labradores in the pedestrianised old town is now engulfed by Italian eateries (so more pizza and pasta than paella) but it remains a comforting outpost of tradition and honest food.Here I catch up with Timothy Denny, a British chef who relocated to Spain, gained an alicantina girlfriend and became a master of dishes from the region

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Rukmini Iyer’s quick and easy recipe for spiced paneer puffs with quick-pickled carrot raita | Quick and easy

These moreish little pastries are as lovely for a snack as they are for dinner, and they take just minutes to put together. I like to fill squares of pastry and fold them into little triangular puffs, but if you prefer more of a Cornish pasty look (*food writer cancelled for suggesting paneer is an appropriate pasty filling!*), by all means stamp out circles, fold into half-moons and crimp the edges.Prep 20 min Cook 25 min Serves 3-4225g block paneer 2 spring onions, trimmed20g mint leavesZest of 1 lime, plus 15ml lime juice1 green chilli, deseeded if you wish1 heaped tsp flaky sea salt1 tbsp self-raising flour320g roll puff pastry 1 egg, beatenFor the quick-pickled carrot raita ½ tsp fennel seeds ½ tsp coriander seeds, lightly crushed30ml white-wine vinegar½ tsp flaky sea salt, crumbled2 spring onions, trimmed and finely chopped300g carrots, peeled, quartered lengthways and finely sliced150g natural yoghurtHeat the oven to 220C (200C fan)/425F/gas 7. Tip the paneer, spring onions, mint leaves, lime zest and juice, green chilli and salt into a food processor, and blitz, scraping down the sides occasionally, until the mix resembles very fine couscous. Add the flour, and blitz again until the mix has broken down even more finely

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Chef Skye Gyngell, who pioneered the slow food movement, dies aged 62

Tributes have been paid to the pioneering chef and restaurant proprietor Skye Gyngell, who has died aged 62.The Australian was an early celebrity proponent of using local and seasonal ingredients and built a garden restaurant from scratch, the Petersham Nurseries Cafe in Richmond, south-west London, which went on to win a Michelin star.A statement released by her family and friends read: “We are deeply saddened to share news of Skye Gyngell’s passing on 22 November in London, surrounded by her family and loved ones.“Skye was a culinary visionary who influenced generations of chefs and growers globally to think about food and its connection to the land.“She leaves behind a remarkable legacy and is an inspiration to us all

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How to make the perfect butter paneer – recipe | Felicity Cloake's How to make the perfect …

This luxuriantly rich, vegetarian curry – a cousin of butter chicken, which is thought to have been created in the postwar kitchens of Delhi’s Moti Mahal, though by whom is the subject of hot dispute – is, according to chef Vivek Singh, “the most famous and widely interpreted dish in India”. His fellow chef Sanjeev Kapoor describes it as “one of the bestselling dishes in restaurants” there, but here in the UK, though it’s no doubt widely enjoyed, it seems to fly somewhat under the radar on menus, where even the chicken original plays second fiddle to our beloved chicken tikka masala.If you haven’t yet fallen for the crowdpleasing charms of fresh cheese in a mild tomato sauce, consider this a strong suggestion to give it a whirl. Paneer makhni (makhni being the Hindi word for butter, hence also dal makhni), tastes incredibly fancy, but it’s relatively simple and quick to make. Just add bread and a vegetable side to turn it into a full feast

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Fluffy and fabulous! 17 ways with marshmallows – from cheesecake to salad to an espresso martini

They come into their own around Thanksgiving in the US, used alongside savoury dishes, as well as in desserts. Now is the time to try them with sweet potatoes, in a strawberry mousse, or even with soupThe connection between marsh mallow the herbaceous perennial, also known as althaea officinalis, and marshmallow the puffy cylindrical sweet, is historic. In the 19th century, the sap of the plant was still a key ingredient of its confectionary namesake, along with sugar and egg whites. But that connection has long been severed: the modern industrial marshmallow is derived from a mixture of sugar, water and gelatine. Its main ingredient is air

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The Shaston Arms, London W1: ‘Just because you can do things doesn’t mean you should do them’ – restaurant review | Grace Dent on restaurants

A pub that wants to be an old-school boozer and a cool restaurant both at the same timeWhile perched inside what felt like a repurposed bookshelf at the draughty back end of the Shaston Arms, sitting next to the dumb waiter and waiting for the ping to herald the arrival of my £16 plate of red mullet with squid ink rice, I had time to consider yet again the so-called “pub revival” in cool modern hospitality. Old boozers are reclaimed, reloved and restored, and the great tradition of going down the pub is celebrated. The Devonshire in nearby Piccadilly is, of course, the daddy, the Darth Vader of this trend, winning plaudits, TikTok adoration and celebrity fans aplenty. So it’s no wonder that myriad other hospitality operators have cast an eye over their local neglected fleapit and thought: “Let’s buy some Mr Sheen, give that old hovel a polish and start serving duck à l’orange and flourless chocolate tart. It’s all the rage! Gen Z loves it!”Whether Gen Z really does love anything about the pub experience as it was in the 20th century is debatable, however, because inside these poshed-up spit-and-sawdust boozers, all the phlegm and fag ash has gone – as have the dartboards, pool tables, punch-ups, topless women on KP peanut pub cards and the ever-present bar-fly alcoholic drinking himself yellow while droning on about his marital problems