Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Retail, hospitality and leisure sectors face fresh uncertainty amid Trump tariff chaos

by April 14, 2025
April 14, 2025
Retail, hospitality and leisure sectors face fresh uncertainty amid Trump tariff chaos

The UK’s retail, hospitality and leisure sectors are facing mounting pressure as the ripple effects of President Trump’s global tariff policies continue to destabilise trade and drive up costs — despite a temporary 90-day pause on new duties.

Amanda French, partner and head of retail and leisure at national law firm Clarke Willmott LLP, warns that the sector is grappling with prolonged uncertainty, particularly as the threat of renewed US tariffs and the ongoing trade war with China loom large. “Retailers were already dealing with an additional £5.6 billion in costs from the October Budget, driven by rises in the National Living Wage, National Minimum Wage, and employers’ National Insurance contributions,” said French. “For an industry heavily reliant on part-time, lower-paid staff, the changes to NIC thresholds — now applying on earnings above £5,000 — equate to an added cost of around £615 per employee, before factoring in wage increases.”

Business rates are another pressure point. Some properties are expected to see their rates nearly double, while the retail, hospitality and leisure relief, which provided a 75% discount since 2020/21, will now be reduced to just 40%.

While Trump’s decision to delay the imposition of higher tariffs on countries including the UK offers “some welcome breathing space,” French says the reprieve is likely to be temporary. “There remains deep uncertainty about what happens after the 90-day pause, especially as the US continues its tit-for-tat trade battle with China. That leaves UK businesses facing not only volatile supply chains, but also rising operational costs and shifting consumer behaviour.”

A recent survey by the British Chambers of Commerce found that 62% of UK firms with trade exposure to the US expect to be negatively impacted by the tariffs — a significant number of which fall within the retail, hospitality and leisure industries. “Many of these businesses will be forced to raise prices to absorb costs,” French added. “Ultimately, it’s consumers who will pay the price in what is already a challenging economic climate.”

As UK businesses brace for what may lie beyond the tariff pause, industry leaders are calling for greater clarity and targeted support to help weather the growing storm — or risk seeing long-standing sectors squeezed even further.

Read more:
Retail, hospitality and leisure sectors face fresh uncertainty amid Trump tariff chaos

0
FacebookTwitterGoogle +Pinterest
previous post
Hull tipped to become new Bordeaux as climate change reshapes Europe’s wine map
next post
Labour warned more industries could need British steel-style rescue amid soaring energy costs

You may also like

Three Examples of Successful Joint Ventures Around the...

April 24, 2024

Entrepreneurs secure Dragons’ investment for pioneering Pop Specs...

January 13, 2024

Tata confirms Somerset will host £4bn battery factory

February 28, 2024

Trump’s proposed tax changes could sharply raise costs...

May 21, 2025

Electric cars drive UK MG sales to more...

October 16, 2023

RAC says diesel drivers are being ‘ripped-off’ as...

May 4, 2023

Are you looking for the best assignment help...

November 21, 2024

London fintech Treasuryspring raises $29m to grow cash...

June 26, 2023

Former environment secretary urges successor not to drop...

October 4, 2022

Is Monetary Policy the Force Behind Shifting Exchange...

January 29, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Who is Neera Tanden? The controversial Dem operative who testified on Biden’s mental acuity

      June 24, 2025
    • Dem senator plows ahead with war powers resolution despite ceasefire

      June 24, 2025
    • House conservatives go to war with Senate over Trump’s ‘big, beautiful bill’

      June 24, 2025
    • FBI launches probes into 3 children’s hospitals for alleged genital mutilation of minors

      June 24, 2025
    • Trump’s big achievement in bombing Iran, still slammed by critics – as he suggests ‘regime change’

      June 24, 2025
    • Shifting Tides in the Stock Market: A New Era for Bulls?

      June 24, 2025

    Categories

    • Business (8,299)
    • Investing (2,069)
    • Politics (15,786)
    • Stocks (3,167)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved