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.” 

Comments

    Leave a comment

    Close

    Discover even more as a subscriber

    This article is available for subscribers only.

    Sign up now for your access-all-areas pass.

    If you're an existing paid print subscriber find out how to get access here.

    Subscribers enjoy unlimited access to unrivalled coverage of the biggest issues in marketing, alongside practical advice from the digital experts at Econsultancy.

    With a subscription to Marketing Week Premium you will get full access to:

    > World-renowned columnists

    > Analysis & case studies

    > Exclusive leading-edge insight

    > Carefully curated reports & briefings from Econsultancy

    > Plus, much more including a £300 discount for the Festival of Marketing

    Subscribe now

    Got a question?

    Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

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

    Subscribers enjoy unlimited access to unrivalled coverage of the biggest issues in marketing, alongside practical advice from the digital experts at Econsultancy.

    With a subscription to Marketing Week Premium you will get full access to:

    > World-renowned columnists

    > Analysis & case studies

    > Exclusive leading-edge insight

    > Carefully curated reports & briefings from Econsultancy

    > Plus, much more including a £300 discount for the Festival of Marketing

    Subscribe now