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 29th Jun 2017

Nan Ya files trade petition in US against Korea & Taiwan

Nan Ya Plastics Corporation, America, a US synthetic fibre producer,...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X