BRC tells government it’s ‘time to back retail’ - BikeBiz

BRC tells government it’s ‘time to back retail’

British Retail Consortium advises No10 to freeze business rates and force retail rent to ‘fall in line with market realities’
Author:
Publish date:
web-vacant shop follow-up.jpg

Following predictions of an increase in shop vacancies from research firm Experian, the British Retail Consortium has called on landlords and the Government to take action now to save at risk retailers.

The BRC is calling for four measures to ease the situation facing retailers, including:
-Retail rents to fall in line with market realities
-An immediate switch to monthly rent arrangements
-A total freeze on business rates
-A complete restoration of empty property rate relief

"Retailing is caught between falling sales and rising costs,” said BRC business director Jane Milne.

“Property is one of retailers' major costs and it has spiralled out of control as landlords and the Government cashed in on competition for prime sites during the boom times," Milne added.

140,000 shops are expected to become vacant by the end of 2009, although Experian told BikeBiz that bike dealers are not likely to be most at risk.

Featured Jobs

the cycle hub

Workshop Manager

The Cycle Hub I Dubai, United Arab Emirates I Competitive Package & Bonus I Date Published Monday 10th September 2018

Specialized_Logo_Red promo

Rider Care Representative

Specialized UK Ltd I Chessington, Surrey I Salary: Competitive DOE I Date Published Monday 3rd September 2018