British Retail Consortium (BRC) has proposed a series of recommendations to support UK retailers, while urging Chancellor Philip Hammond to support consumer spending in the upcoming budget.
Freezing the business rates multiplier, keeping the cost of living down by not increasing income tax rates, improving basic digital literacy, investment in infrastructure at ports and borders and ensuring retailers don’t face double regulatory charges from EU withdrawal are just some of the recommendations put forward by the BRC.
Helen Dickinson, chief executive of the BRC said: “Without the chancellor’s intervention, the consequences for town centres and jobs will be even more keenly felt in the most vulnerable communities. For consumers, the squeeze on household incomes will be compounded as the pound in their pocket buys them even less at the checkout.
“Retailers want to help build the confidence of their customers, us all as shoppers, not damage it. But to do this they need the support of government policy that keeps down the cost of living, not exacerbates it. That encourages, rather than deters the retail investment necessary to meet constantly evolving customer expectations. And finally, policy action that enables retailers to maximise their vital contribution to the government’s productivity aspirations.”