• Linkdin

Many UK retailers not to benefit from budget measures: BRC

31 Oct '18
1 min read

Welcoming the temporary measures in the budget to small retailers, the British Retail Consortium (BRC) has said most of the 3.1 million UK retail workers are employed in firms that will not benefit from the latest business rates announcement. “The Government has missed a much-needed opportunity to help the retail industry,” said BRC chief executive Helen Dickinson.

“If the Government is to truly back business, it must engage in more extensive business rates reform to help all retailers and their employees through this period of transformation,” a BRC press release quoted Dickinson as saying.

Retailers are currently facing several issues, including changing shopping patterns due to technology, rising public policy costs and softening demand, she said.

“Rather than tinkering around the edges, struggling high streets require wholesale reform of business rates in order to thrive. The issue remains that the business rates burden is simply too high,” she said.

BRC welcomed the measures announced by the Treasury to invest new funding to boost high streets and town centres and facilitate re-invention to modern and diverse destinations. (DS)

Fibre2Fashion News Desk – India

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search