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 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Jay Ramrakhiani
Occasions Elegance Wear

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search