William Eichler 10 August 2021

Retailers tell Government to fix ‘broken’ business rates system

Retailers tell Government to fix ‘broken’ business rates system image

Retailers have urged the Government to reform the business rates system as part of the effort to help high streets recover from the pandemic.

The latest figures from the British Retail Consortium (BRC) show that retail sales increased by 6.4% in July, against a growth of 3.2% in during the same month last year. This is below the three-month average growth of 14.7% and the 12-month average growth of 10.4%.

On a two-year basis, total retail sales grew by 9.1%.

‘July continued to see strong sales, although growth has started to slow,’ said Helen Dickinson, chief executive of the BRC.

‘The lifting of restrictions did not bring the anticipated in-store boost, with the wet weather leaving consumers reluctant to visit shopping destinations.

‘Online sales remained strong, and with weddings and other social events back on for the summer calendar, formalwear and beauty all began to see notable improvement, so fashion outlets in particular saw a bounce back to pre-pandemic levels.

‘As many people prepare to return to the workplace, purchase of home office equipment began to fall after months of high sales, meanwhile other homeware, such as furniture and household appliances continued to do well.’

Ms Dickinson warned that the vacancy rate is continuing to rise and called for a reform of what she described as the ‘broken’ business rates system.

‘Unfortunately, the current broken business rates system continues to hold back retailers, hindering vital investment into retail innovation and the blended physical-digital retail offering,’ she said.

‘The Government must ensure the upcoming business rates review permanently reduces the cost burden to sustainable levels. Retailers want to play their part in building back a better future for local communities, and Government must give them the tools to do so.’

SIGN UP
For your free daily news bulletin
Highways jobs

Senior/Principal Regeneration Officer

Fareham Borough Council
£45,465 - £55,379
Our town centre regeneration is moving from planning to delivery, and we're looking for someone who wants to help make regeneration happen. Fareham, Hampshire
Recuriter: Fareham Borough Council

Part Time Vocational Trainer - ESOL

Essex County Council
Up to £34668.00 per annum + Pro Rata
Part Time Vocational Trainer - ESOLPermanent, Part Time£34,688 Per Annum, Full Time EquivalentLocation
Recuriter: Essex County Council

Service Manager - Corporate Governance Services (Deputy Monitoring Officer)

South Yorkshire Pensions Authority
£47,738 - £51,928
This is an exciting time to join our Governance and Corporate Services function. Barnsley / Hybrid
Recuriter: South Yorkshire Pensions Authority

Social Worker Adults - Locality Team

London Borough of Richmond upon Thames and London Borough of Wandsworth
£40,260 - £54,507
Social Worker Adults - Locality Team
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Director of Corporate Services

Powys County Council
£116,572 – £124,881
The Successful candidate will lead major transformation programmes, drive organisational improvement Llandrindod Wells, Powys
Recuriter: Powys County Council
Linkedin Banner