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Vibrant retail sector is the key to a successful UK plc
18
Jul '08
Speaking at the Conservative Party's Economic Summit (Thursday), Stephen Robertson British Retail Consortium (BRC) Director General urged all politicians to seriously consider the impact of any regulation, as the costs are ultimately borne by customers in the form of higher prices.

As they think about their manifesto pledges, he emphasised to all politicians that they should encourage a thriving UK retail sector and so maintaining retailers' contribution to jobs, regeneration and skills training.

He stressed a vibrant retail sector is the key to a successful UK plc.

Stephen Robertson, BRC Director General, said: “Politicians of every hue and consumer groups need to understand that regulation always costs. Those costs will inevitably work through to higher prices.

“New regulation must pass two tests. It must be the last resort and it must be properly targeted.

“Now is not the time for a multi-million pound supermarket-supplier ombudsman. It's not a time for new taxes on empty business premises, supplementary business rates, or huge increases in the national minimum wage.

“It is the time to push for an end to protectionist EU import tariffs and excessive credit and debit card charges.

“As you begin to make your manifesto commitments for the next General Election, I urge you to support, not undermine UK retailing.

It's essential that retailers are not distracted from their key task of serving customers by being burdened with more regulations, regulators, initiatives and codes.

“A healthy retail sector is an indicator of and a route to a healthy UK plc.”

British Retail Consortium

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