Home / Knowledge / News / Chancellor urged to reduce key cost threats
Chancellor urged to reduce key cost threats
Feb '08
With retailers facing mounting costs and indicators increasingly showing a worsening economic outlook for 2008, the British Retail Consortium (BRC) is calling on the Chancellor to use the Budget to ease the pressure and ensure a soft landing for the economy.

Consumer spending has been a driving force for the economy over the last decade. But retailers, large and small, are now being squeezed by a range of rising costs.

The BRC says, while some, such as fuel and world commodity prices, are largely outside Government control, the Chancellor does have the power to remove a number of key cost threats on Budget day.

Today (Wednesday), with exactly three weeks to go until he delivers his first budget, the BRC is asking Alistair Darling to take action in two key areas:

1) Reward retailers' environmental achievements
Retailers take their environmental responsibilities seriously and encourage their customers and suppliers to do the same. Tougher trading conditions have led to tightening margins, so Government support for retailers' environmental record is even more pressing.

The BRC is calling for:
- The retailers who will be included in the Government's new plans to reduce business emissions, to be given the same incentives to invest in renewables as energy companies
(Retailers do not get the same credit for switching to renewable energy that electricity companies do)

- Reduced VAT on energy efficient products, such as low energy light bulbs and no EU import tariffs on them, to make them more affordable for customers and support retailers' efforts at promoting these goods

Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


July 2017

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

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

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