MARGINReset the inflation trigger—not the whole plan
Headline inflation accelerated, but the pressure is uneven: energy rose sharply while food was broadly flat. A blanket cost uplift will hide where the real exposure sits.
CSO September inflation ↗Day-to-day implicationSplit the cost forecast into energy, services, food and other inputs. Set one clear trigger for repricing, renegotiation or hedging in each exposed category.
REVENUEAsk whether growth is volume, price or mix
Retail volume rose 4.3% annually while value rose 5.6%. The gap is a reminder that turnover growth alone can overstate underlying customer demand.
CSO retail sales ↗Day-to-day implicationPut unit volume, average selling price and mix beside revenue in the weekly pack. Focus commercial action on the driver that is actually moving.
BUDGETBudget 2027 tilts toward capital and innovation
The standard CGT rate is set to fall from 33% to 31%. The Budget also proposes a simpler R&D tax-credit regime, higher subcontracting limits and an extension of start-up company relief to the end of 2030.
Official Budget 2027 guide ↗Day-to-day implicationRe-run the net proceeds on planned disposals and revisit 2027 R&D and investment cases. Record the assumed effective date and eligibility, then confirm both against the Finance Bill before changing transaction timing.
