TRADE NEWS
FEBRUARY 2010

Retailers experience sales growth in February

Online retailers to benefit from universal broadband

Retailers face disproportionate utility costs

Counterfeit goods seized in Norfolk

BPF calls for public debate on CVAs

NFRN quits JIG

Tories reveal new supermarket planning laws

NI independent fashion retailers folding

Clothing retailers buck sales trend

Isle of Man Tesco could 'impact' independent retailers

Asda expansion threatens independents

Scarborough's independent shops suffer rise in closure rate

Small retailers 'not understanding shoppers' needs'

Oxfordshire retailers come together to encourage local trade

Scottish retailers left exposed to business rates

UK retailers facing closure epidemic

Computer chip counterfeiter prosecuted

Village Shop of the Year named

Family furniture retailer sees sales soar

Counterfeit goods recycled

Retailers receive grants to bolster security

Inflation slow as retailers ignore VAT rise

Uncertainty over economic policy

Britons are biggest online shoppers

 

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25th February 2010

Small retailers face disproportionate utility costs

The UK's small retailers and businesses have seen utility prices increase disproportionately compared with larger firms.

Government data shows that between the third quarter of 2008 and the corresponding period for 2009 electricity prices rose by between 15 and 17 per cent among the UK's small to medium-sized enterprises.

The respective rise for larger firms stood at between nine and 11 per cent, with the country's biggest companies incurring a price increase of just five per cent.

Small firms also faced disproportionate price changes for gas, seeing costs rise by eight per cent while outgoings fell by between 14 and 52 per cent for all other commercial users, according to the Department of Energy and Climate Change.

Nick Palin, finance director for the Forum of Private Business, said that the price alterations were not fair on Britain's smaller firms.

He said: "This is the tip of the iceberg. By refusing to play fair some utilities giants have forced costs on small businesses they can ill afford.

"While the big energy companies always pass on wholesale price increases in full the same cannot be said when prices fall."

© 2010

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