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21 February 2008
Retailers urge chancellor to ease burden
The British Retail Consortium (BRC) has urged the chancellor Alistair Darling to provide some relief for retailers in the next budget.
With the announcement on the budget due in the next three weeks, the BRC is calling on the Treasury to help reduce the costs of retailers by cutting rates. The change could also help stimulate growth and increase wholesale purchase.
Stephen Robertson, director of the organisation, revealed that the government could stimulate the industry with the right changes.
He said: "Retail plays a vital part in the lifeblood of the British economy, job creation, skills training and regeneration."
He added: "On budget day, the Chancellor has the power to encourage further retail achievements and reduce new cost threats.
Mr Robertson continued: "Retailers already pay £4.5 billion a year in business rates. Supplementary business rates could add £130 million to that.
(c) 2008 Adfero Ltd.
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