Home / Knowledge / News / Apparel/Garments / BRC supports committee call for 'Wholesale' rates reform
BRC supports committee call for 'Wholesale' rates reform
04
Mar '14
The British Retail Consortium has praised the BIS Select Committee for highlighting Business Rates as the ‘most crucial deterrent’ to High Street investment and ‘the most debilitating levy on existing businesses’.
 
In the report of the committee’s inquiry into the Retail Sector a number of recommendations are made for Government action however the report most heavily criticises the current rates system.
 
BRC Director General, Helen Dickinson, who gave evidence to the inquiry said,  “This report must be the final nail in the coffin of the question: ‘do business rates need to be reformed?’ They do. Business thinks so. A committee of Parliament thinks so. We very much hope the Government will think so too.
 
“That’s why the BRC has started the work of identifying what a new system, fit for the 21st Century, might look like. We’ve been having wide, open conversations with retailers of all sizes, trying to identify what changes need to be made to encourage investment, promote job creation, support small business and support sustainable, long term growth.
 
“Last month we published Road to Reform which puts on the table some possible ideas for long term change. These aren’t final. Our research partners, EY, are doing some economic modelling to help us understand what effect each of the ideas will have on the whole of the retail industry. 
 
But we wanted to make sure that as many people as possible were involved in the conversation about the future of business rates – everyone with an interest has had, and will continue to have, the opportunity to comment on the proposals as they are developed.
 
“We’ll be publishing the next stage of our research in May. Until then, the committee’s report brings very welcome renewed focus on the need for change.  The whole retail industry will be waiting with baited breath to see how the Government responds.”

BRC


Must ReadView All

Textiles | On 30th Apr 2016

‘Textile sector not given required impetus’

Cotton Textile Export Promotion Council (Texprocil) Chairman R. K....

Apparel/Garments | On 30th Apr 2016

EU announces app for accurate children's clothing size

Buying clothes for children can be a quagmire because sizing is often ...

Apparel/Garments | On 30th Apr 2016

Bioworld Merchandising acquires VoxPop

US-based private label Bioworld Merchandising, Inc, has acquired...

Interviews View All

Pierre Wiertz
EDANA

EDANA recently collaborated with ANNA to facilitate free trade between...

Jeff Dixon
Navis Global

What is the most challenging aspect of textile finishing machinery...

Tom Barone
eBay Enterprise

Ecommerce market is booming all over the world. But the boom actually...

Mark Paterson
Technical Absorbents Ltd

<b><i>Mark Paterson, R&D manager of Technical Absorbents Ltd talks about...

Dr Geoff Collins
Lenzing Fibers (Hong Kong) Ltd

The Lenzing Group The Lenzing Group is an international group of...

Carlos Richer
Richer Investment

Mr. Carlos Richer is the Director of Richer Investment, Diaper Consulting...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search