This ad will be closed automatically in X seconds.

Coronavirus: Bira Calls For An Emergency Fund For Indies

The British Independent Retailers Association (Bira) is calling for the Treasury to set up an emergency business fund to help those affected by coronavirus. “We need immediate action to support the economy,” stated Bira’s ceo Andrew Goodacre.

Above: Bira’s ceo Andrew Goodacre.
Above: Bira’s ceo Andrew Goodacre.

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 and rates for larger businesses, etc
  • Support for retailers when dealing with employees who are required to self isolate.

Bira is also hoping the Chancellor’s first Budget will include a strategy for comprehensive reforms of the unfair and outdated business rates system, reducing the burden on high street retailers.

The Association says that 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.

Andrew 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.”

Top: Bira’s HQ in Birmingham.

MORE NEWS
ShopLocal
 
“Forget Black Friday and make this one a Green Friday,” says ShopAppy founder Dr Jackie Mulligan...
Christmas&Gift
 
However, there’s still space available, says show organiser Simon Anslow...
CuratedMeetings
 
Retailers, buyers and brands are invited to attend tomorrow’s webinars (November 25) to discover how the programme works and the benefits...
High Street
 
Footfall in UK retail destinations increased by 4.1% last week compared to the week before...
Xmas
 
The average UK consumer is expected to spend £77 on sustainable gifts this year,says a new report from American Express...
Black Friday
 
Over 85% of Bira members, to include gift shops, will not be participating reveal findings...
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.