BRC calls for tax cuts

The British Retail Consortium is calling on the Government to offer retail businesses tax cuts as the economic crisis deepens. It is asking Chancellor Alistair Darling to reconsider plans to increase business rates in April.

Business rate increases are currently based on the Retail Prices Index (RPI), which at 5% is at its highest rate since 1991.

Stephen Robertson, BRC director general, says: “Personal tax cuts are not the only form of ‘fiscal stimulation’ needed. The Government should revise its plans to batter retailers with a range of extra burdens which can only increase the pressure on them and ultimately push up shop prices. Government should be helping, not hindering. The Chancellor must use the Pre-Budget Report to reduce present and future costs.”

The BRC is also lobbying the Government to postpone its planned 16% increase in business rates liability as a result of the 2010 revaluation.

Robertson adds: “Business rates penalise retailers simply because they use a lot of property. The Treasury’s own analysis shows retail pays 27% of the tax but makes up only 11% of businesses.  With trading conditions getting tougher, it’s vital that the burdens on hard-pressed retailers are not increased further.” 

Latest from Marketing Week

PLEASE SIGN IN OR REGISTER. IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and inspiration that will help you develop as a marketer and leader.

Register and receive the best content from the only title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work, so we can make Marketing Week more relevant to you.

Register now

THE BEST CONTENT

Our award winning editorial team and columnists will ask the biggest questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we will be your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Dedicated to developing your skills and helping you achieve marketing excellence. Find guidance on leadership, professional development and the latest industry jobs.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here