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2 Jul 2025

MPs have called on Amazon and eBay to tighten controls after e-bikes and chargers flagged as serious fire risks were found for sale on their platforms.

25 Jun 2025

The E-Bike Positive campaign has seen major success in the first half of 2025, with its message reaching nearly 8 million people across the UK through high-profile media coverage and growing...

20 Jun 2025

The House of Commons Business and Trade Committee has asked the ACT, and its parent company Bira, to help them reach out to small business retailers across the country, for their quick input on...

20 Jun 2025

Activate Cycle Academy has reopened its Cytech training facility in Darlington, offering a full range of courses from Home Mechanic up to Cytech Technical Three.
 

18 Jun 2025

The Association of Cycle Traders believes the time has come for greater accountability throughout our supply chain, writes ACT Director Jonathan Harrison in an article published for BikeBiz.

16 Jun 2025

The ACT has welcomed the All-Party Parliamentary Group for Cycling and Walking's report "Unregulated and Unsafe: The Threat of Illegal E-Bikes", which calls for urgent Government action to...

11 Jun 2025

A new academic study has found that overzealous pro-cycling campaigners on social media may be inadvertently damaging the case for better cycling infrastructure across the UK.

11 Jun 2025

Bira has welcomed the Welsh Government's consultation on business rate reforms for retail shops, whilst calling for significant improvements to ensure the proposals truly support high street...

10 Jun 2025

Bike thefts across England and Wales have continued their steady decline, according to new data released by cycle insurance specialist Bikmo.

9 Jun 2025

Retailers on Britain's high streets are being encouraged to put themselves forward for the first-ever Love Your High Street Awards, designed to celebrate the small businesses that bring...

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Government Spending Review: The most relevant Spending Review policies to independent retailers

Posted on in Business News , Cycles News , Political News

The Chancellor presented his Spending Review to Parliament today setting out the Government's departmental spending plans for the year ahead and response to Coronavirus (Covid-19).

The full Spending Review documents are available here.

 

‘The economic emergency has only just begun'

 

Office for Budget Responsibility Highlights Economic Impact of Covid-19

The Office for Budget Responsibility (OBR) predicts that the UK economy will contract by 11.3%, the largest fall in output for 300 years. It suggests that the economy will not recover to pre-crisis until the fourth quarter of 2022. Beyond this, Covid-19 will bring long term scarring effects with the 2025 economy being around 3% smaller than suggested in the March Budget. The OBR notes that borrowing is at its highest recorded amount in UK peacetime, with £394 billion borrowed equating to 19% of UK GDP, the UK Government highlights this is significant but necessary. The OBR confirmed on a more positive note that our economic response has protected jobs, supported incomes and helped businesses staying afloat during unprecedented times. The OBR has found that business insolvency has decreased on last year and unemployment is lower than many European countries including France and Germany, as well as the United States. The OBR fiscal and economic outlook is available here.

 

National Living Wage to Increase by 2.2% to £8.91 in 2021

As part of the Spending Review the Chancellor confirmed that the Government have accepted the Low Pay Commission recommendations for the National Living Wage in 2021. The National Living Wage will increase to £8.91 from April 2021. The National Living Wage will also be extended to colleagues that are 23 and 24 years old (currently only for 25 year olds). The 21 to 22 year Old Rate will increase by 2.0% to £8.36. The Government's long term target for the National Living Wage remains in place but the Low Pay Commission will continue to review the pathway to this target. In a letter to the Business Secretary the Low Pay Commission said: "we do not recommend a change to the Government's target of reaching two-thirds of median earnings by 2024, and the Commission remains fully committed to the goal of ending low pay. The increase we recommend is broadly in line with predicted wage growth, meaning progress against the Government's ambition may continue."


Business Rates Multiplier Frozen for 2021-22

The Spending Review documents confirm that the Government will freeze the Business Rates Multiplier for 2021-22, saving business £575million over the next five years. The Spending review also states that the government will clarify their position on the extension of the business rates holiday early next year: "In order to ensure that any decisions best meet the evolving challenges presented by Covid-19, the government will outline plans for 2021-22 reliefs in the New Year".

 

Funding For Safer Streets

The Chancellor announced that the Government will provide an additional £400m to recruit new police officers as part of the Government's commitment to recruit 20,000 officers by 2023. 5,000 of the target of 6,000 officers have already been recruited this year and the additional funding will provide a further 6,000 by the end of 2021-22. Police and Crime Commissioners (PCC) in England will have flexibility to increase funding in 2021-22 with a £15 council tax precept. If all PCCs take advantage of this, it would raise up to an additional £320m. The Spending Review confirmed increased funding for the Criminal Justice System, with more than £4bn over the next four years to deliver 18,000 additional prison places across England and Wales. There will be £275m available to manage the downstream demand impact of the additional police officers in the courts and £40m to support victims of crime as well as continued funding to progress probation reform and reduce reoffending.

 

Support for Labour Market: Restart Programme

The Chancellor announce £3.6 billion of additional funding in 2021-22 for the Department for Work and Pension to deliver labour market support. This includes funding for the a new 3-year long £2.9 billion Restart Programme to provide intensive and tailored support to over 1 million unemployed people and help them find work and a work search support measures announced in the Plan for Jobs.

 

New Levelling Up Fund Announced

The Government is launching a new Levelling Up Fund worth £4 billion for England, that will attract up to £0.8 billion for Scotland, Wales and Northern Ireland. This will invest in local infrastructure that has a visible impact on people and their communities and will support economic recovery. This will invest in local infrastructure that has a visible impact on people and their communities and will support economic recovery. The Government will publish a prospectus for the Fund and launch the first round of competitions in the New Year.

 

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