English mayors will gain authority to allocate a portion of local business rates as grants or rebates to residents, according to new government plans. Tees Valley Mayor Ben Houchen is already developing a "tax rebate scheme" under this framework.
The upcoming Budget will see an additional £1 billion allocated to social and affordable housing, elevating the government's 10-year programme to over £40 billion. This funding aims to deliver new homes and regeneration projects across the country.
L'Oréal's chief executive stated that the widespread use of GLP-1 weight loss drugs is noticeably affecting the beauty and skincare sector, causing a decline in demand for certain products.
The new Renters' Rights Act, offering increased flexibility for tenants to terminate leases, has been positively received by students. However, student housing providers foresee this legislative change leading to elevated rental costs across the sector.
