The British Independent Retail Association (Bira) has called on the Chancellor to urgently reconsider business rates relief following new figures showing sharp job losses in the retail sector. Official data from HMRC reveals that employment in wholesale and retail fell by 1.7% in December 2025, with 72,000 fewer people employed compared to the same period
Bira calls for business rates relief for retailers Read More »
The Centre for Retail Research has revealed the devastating extent of losses to Britain’s high streets and town centres in ‘The Crisis in Retailing: Closures and Job Losses’. Whilst the research organisation claims that retailing in the western world has been in crisis for more than a decade, a toxic combination of sky-high rents, business
Centre for Retail Research reveals an industry in crisis Read More »
The British Independent Retailer Association (Bira) has said it is ‘pleased’ the Chancellor of the Exchequer has announced a 50% business rates discount for one year in his Autumn Statement today (Wednesday, October 27, 2021). The discount, which is worth up to £110,000 for retail and hospitality businesses, was one of several pledges made by
Bira responds to the Autumn Budget statement Read More »
Research conducted by the Centre for Retail Research (CRR) has found shown that 188,685 retail jobs in the UK disappeared between the start of the first lockdown on March 23 2020 and March 31 of this year. 15,153 stores permanently closed their doors in the same period. 83,725 of the jobs were lost because of
The Cost of Lockdown to Retail: 188, 685 jobs and counting Read More »
Chancellor Rishi Sunak delivered the new budget on Wednesday March 3, saying that “an important moment is upon us, a moment of challenge and of change” for the UK. Mr Sunak admitted that we are facing one of the longest and most sustained economic shocks the UK has ever faced, at a cost of over
Budget 2021: A moment of challenge and of change. Read More »
More than 200 UK shopping centres, collectively worth around £7 billion, are at risk of closure if their owners fail to secure fresh equity for refinancing and ‘much-needed redevelopment’, according to asset management company APAM. Retail sales growth slowed in the year to October, following four consecutive months of firm sales during the summer, according
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