Following the announcement earlier this week that the UK will head to the polls this June, more uncertainty surrounds the future of the economy once again. Speaking on behalf of independent retailers across the country, industry body the British Independent Retailers’ Association reacts to the news.
At 5pm on 19th April 2017, MPs approved Theresa May’s decision to call a snap election on 8th June 2017, by a majority of 509 votes. With this in mind, bira looks forward to all parties setting out their manifesto pledges in the days to come, and hopes that all parties pledge their support for the independent retailer.
It was a comfort to the sector when the Department for Communities and Local Government Minister Marcus Jones said that the UK needed “thriving high streets, strong independent retailers and local economies that match the exceptional growth that UK plc has experienced since 2010”. However, this needs to be followed up with clear action if small businesses are to support the current administration through this election.
We believe business rates are fundamentally unjust for independent retailers, and that political parties should commit to implementing a business rates threshold. This would not only benefit businesses but would also mean that the Government would not have to spend valuable time rolling out schemes like the £300m discretionary fund, which will have minimal effect overall.
It will also be important for the political parties to commit to a serious review regarding parking. Of course, bira is pleased that the DCLG supported the Private Member's Bill by Conservative MP David Tredinnick to make it easier for English Councils to lower parking charges at short notice and that the Council will only be able to increase the fees after consultation. However, this did not deal with the more strategic issues around how better implementation of parking provision could also help increase footfall for local businesses.
We do not believe that the minimum wage and living wage rates should be used as a bargaining tool to gain votes at the expense of hard working entrepreneurs and independent businesses. We will therefore encourage all parties to allow the Low Pay Commission to lead an independent process of setting wage rates so that workers are rewarded for their endeavours and that businesses can continue to succeed and provide the jobs that people need.
Finally, bira wants to impress on all political parties that stability for this sector is needed. After all, whilst the retail sector currently accounts for 5.7 per cent of gross domestic product, this is not guaranteed to continue in the future unless an incoming Government helps ensure that Britain will not be hit with a stalling economy, rising prices and a weak pound sterling, by doing all they can to help businesses and entrepreneurs thrive.
Find out more about BIRA and its work here