Essential reading for retailers and suppliers in the home improvement market

Bira calls for Coronavirus business fund

Published: 5 March 2020 - Alex Fordham
 

The British Independent Retailers Association (Bira) is calling for the Treasury to set up an emergency business fund to help those affected by coronavirus. 

The plea comes as part of Bira's statement to chancellor Rishi Sunak ahead of next Wednesday's Budget. Bira is calling for a number of measures to support small retail businesses through the coronavirus emergency including:

  • An immediate increase in the business rates discount to 75%, and extended to more businesses until this emergency has passed
  • Tax holidays to support cash flow in businesses that will see significantly reduced sales – this could include reduced VAT, rates for larger businesses, etc
  • Support for retailers when dealing with employees who are required to self isolate.

Andrew Goodacre, Bira's CEO, said: "We need immediate action to support the economy."

Bira is also hoping Mr Sunak's first budget will include strategy for comprehensive reforms of the unfair and outdated business rates system, reducing the burden on high street retailers. There also needs to be more ambitious plans for the new Digital Services Tax with online companies making a much larger contribution to the cost of running a business in the UK.

Goodacre added: "We have all seen images from towns and cities in Europe that show deserted high streets and empty shops. The Budget needs to support the economy and we must ensure that the high street receives some of that support." 
 

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

What do you think?

With all the extra social distancing measures retailers have been forced to put in place, floor planning, product positioning, creative merchandising and POS displays are more crucial than ever.
But which of the following product categories do you feel are the most challenging to merchandise?








Latest reader comments

re: A guide to construction safety for home builders

Daniel Wood
Safety should always be the first priority. If followed properly, these precautions are all we need to tackle all unwanted accidents. I ...

re: Further Homebase closures ahead

Shaun Collorick
Cheltenham homebase has closing down signs outside, but not Gloucester homebase.... Yet!...

re: B&Q sales slide, as Screwfix decision to exit German market costs millions

B&Q bob
No surprises from us on the shopfloor management paralysed by fear of jobs and to weak to take chances so bumble around. Ranges boring, and ...

re: Further Homebase closures ahead

Miss l'a tesha gc Wilson
Please keep me updated regards all Store closures Thank you...

re: Graham Bell to head up B&Q as part of Kingfisher reshuffle

Peter Earl
I HOPE GRAHAM BELL THE NEW CEO OF B&Q GETS TO GRIPS OF THE COMPANY VERY SOON.MY WIFE WENT FROM SHADOXHURST TO GILLINGHAM TO GET SOME ...