Retailers call for Budget action
BRC urges government to make reforms in next month’s Budget.
By Christina Williams
21 June 2015
Industry representative the British Retail Consortium (BRC) has called upon the government to offer the sector real and practical support during the emergency Budget next month. As the country’s largest private employer, the retail sector has urged the government to consider tax relief to lower earners, skills support and a business rate reform in order to stimulate the growth of the wider economy.
“Retailers know they’re nothing without their people,” says BRC director general Helen Dickinson. “Both retailers and the government know there’s more to be done to improve productivity and help people to progress to higher rates of pay.”
Specifically, the BRC has urged the government to respect the independence of the Low Pay Commission, the current advisory body responsible for advising on rates of national minimum wage. Suggestions to replace this with a “living wage” would be short sighted and a “blunt instrument”, according the BRC, putting added strain on employers.
The BRC has instead suggested the government offer tax relief to the sector’s lowest-paid workers, while implementing improved skills support to help them to progress throughout the industry.
The emergency Budget will take place on 8 July, and will see Chancellor George Osborne preside over his first Budget under a Conservative majority. It is rumoured that £12bn worth of welfare cuts will be made, with policies including a benefits limit of £23k per family, a cap on tax credits and a reduction in housing benefit likely to be introduced.
Today the London retailer launched beauty and kidswear categories online and in-store.
Rachel Riley on her eponymous childrenswear label.
Children’s swimwear brand extends retail offering to online retailer, Farfetch.
CWB Independent Retail Awards 2015, Best New Store.
Fifty free copies of the new SDEA Retail Display Directory up for grabs to CWB readers.
Eighties revival theme for this year’s Schoolwear Association fundraising evening.
New look for Mini Moda and show’s earlier dateline welcomed by children’s footwear buyers.
Childrenswear label Mischka Aoki introduces a playful take on luxury with new Little Miss Aoki line.
Childrenswear brand launches separate spring and summer collections.
This year’s awards kick off with a new Best Baby Store category.
Potwells Trading agrees distribution deal with functional soft toy brand, BoBo Buddies.
Brand unveils three children’s charities to be supported as part of its new Little Clothes BIG Change project.
Interiors brand launches range of coordinating home textiles.