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What will GDPR mean for retail?

Phil Mullis

Phil Mullis

GDPR legislation has been the hot topic of 2017, but why should retailers in particular need to sit up and listen? Because they were the biggest culprit in global data breaches in 2016 – and had the GDPR regulations existed …

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Retail

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October retail sales remain scary

The latest retail sales statistics for October revealed slight growth – but this was seemingly just a bump in the night, according to one retail expert. Phil Mullis, Partner and Head of Retail and Wholesale at top-20 UK accountancy firm, Wilkins Kennedy, said: “Overall there is still a downward trend, despite a small increase in quantity bought. Prices are increasing due to the rise in inflation – and the full effects of this are possibly yet to take hold. Plus, we have marginal wage growth keeping disposable income spend down. It is likely that the small growth splurge was due to seasonal spends, and if so, it will be interesting to see how the figures hold up after Christmas. However, unless there is considerable wage growth, it is unlikely that any spend increases will be sustainable."

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6 April 2018

End of tax year 2017/18

Budget 2017

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The Chancellor has delivered his last ever Spring Budget. With UK economic growth second only to that of Germany, he promised to provide Britain with a brighter future and set out measures to create a more competitive, fair and stable tax system.

Our 2017 Budget Hub contains all the details for personal and business taxation.

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