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

General Services Assistant

North Yorkshire Council
£25,620 - £25,989
Join North Yorkshire Council’s operational team at one of our many multiuse venues Whitby, North Yorkshire
Recuriter: North Yorkshire Council

Graduate Trainee Housing

North Yorkshire Council
£25,989 - £29,064
Are you a recent graduate with a passion for housing, community development, and making a real difference? North Yorkshire / various / hybrid
Recuriter: North Yorkshire Council

Joiner

North Yorkshire Council
£29,064 - £38,220 per annum
Are you a qualified Joiner, or a Multi Skilled Joiner, with secondary qualifications and experience Selby, North Yorkshire
Recuriter: North Yorkshire Council

Spa Therapist

North Yorkshire Council
£14.13 – £15.05 per hour
The Environment
Recuriter: North Yorkshire Council

Occupational Therapy Assistant (Front Door Team)

The Royal Borough of Windsor & Maidenhead
£26,895 - £30,132
We have an exciting opportunity for an Occupational Therapy Assistant to join us! Maidenhead, Berkshire
Recuriter: The Royal Borough of Windsor & Maidenhead
Linkedin Banner