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‘There has to be a bolder shift’: retail and hospitality businesses assess relief in budget

Chancellor cuts business rates for more small businesses and limits rise in minimum wage for younger workers Budget 2026: key points at a glance “It is like letting the tyres down and then handing you a pump,” says James Nye, assessing the relief handed to businesses in John Healey’s first budget as chancellor. The managing director of Norfolk’s Anglian Country Inns argues that the budget made a “couple of steps…

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‘There has to be a bolder shift’: retail and hospitality businesses assess relief in budget
Image: The Guardian Business

Story summary

Chancellor cuts business rates for more small businesses and limits rise in minimum wage for younger workers Budget 2026: key points at a glance “It is like letting the tyres down and then handing you a pump,” says James Nye, assessing the relief handed to businesses in John Healey’s first budget as chancellor. The managing director of Norfolk’s Anglian Country Inns argues that the budget made a “couple of steps…

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