Cutting Costs: Commercial Break Clauses

The UK is bracing itself for Rachel Reeves' Autumn Statement, Labour's first in 14 years and one that the government has already warned will likely be "painful". Earlier this year, we saw the Chancellor attack the economic inheritance left behind by the Conservatives, with Prime Minister Sir Keir Starmer hinting to tax hikes this autumn. As businesses try and prepare for higher bills come the autumn, many will be looking at making savings somewhere.

The retail and leisure sectors have faced significant pressures over recent years which cannot be blamed solely on Covid. The "death of the high street" has been a worry for quite some time, only exacerbated by the pandemic, and with the likes of business rates forcing many to shut shop, alcohol duty rises causing the closure of pubs across the four nations, and a rise in tourist taxes keeping people away, commercial space will no doubt be high on the list for the chop.