The Government’s decision to maintain targeted business-rates relief for smaller retail, hospitality and leisure properties is a positive step for many of our independents. For cafés, restaurants, specialist shops and local services, this could ease some of the pressure caused by rising operating costs. However, the increase in costs for larger premises remains a concern. Our bigger retailers and leisure venues play an essential role in driving footfall, and any squeeze on them ultimately affects the whole local ecosystem.

Beyond rates, the Budget included encouraging signals: commitments to skills development, infrastructure improvements and town-centre regeneration all support the long-term health of areas like Stratford. Yet several major business asks — including VAT support for hospitality and measures to stimulate consumer spending — were noticeably absent. With labour, supply-chain and energy costs still rising, many businesses will feel that these omissions limit the Budget’s overall impact.

For Stratford, the message is mixed. There is genuine relief for smaller businesses and positive investment for the future, but not the comprehensive package our high street needs to thrive in a challenging environment. As a BID, we will continue advocating for a fairer, more balanced approach while working with local partners to boost footfall, encourage investment and ensure Stratford remains a vibrant and resilient destination.