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1 Nov 2024

Independent retailers across Britain have reacted with dismay to yesterday's Budget, with many warning of store closures, job losses and cancelled expansion plans.

30 Oct 2024

The British Independent Retailers Association (Bira) and the ACT have condemned today's Budget as the most damaging for independent retailers in recent memory, with...

30 Oct 2024

Retailers and hospitality businesses are paying three times their economic share in business rates, according to analysis by the British Retail Consortium (BRC) and UK Hospitality.

30 Oct 2024

eBay is tightening regulations on e-bike and e-bike battery sales in the UK from 31 October, in a change aimed at prioritising consumer safety.

29 Oct 2024

Eighteen organisations, including Cycling UK, Greenpeace, The Centre for Mental Health, and The Association of Directors of Public Health, have urged the Chancellor to allocate 10% of the...

24 Oct 2024

Peloton Interactive has strategically launched a rental programme, broadening its market appeal. Traditionally, Peloton’s offerings have been positioned as premium, high-investment...

22 Oct 2024

UK cycling manufacturer Whyte Bikes has announced the closure of its three cycling experience hubs following a major shift in the company’s strategy, which includes supporting independent...

15 Oct 2024

The ACT is launching a campaign to ensure fair and accurate reporting of e-bike-related news while promoting the positive aspects of e-bike usage.

11 Oct 2024

ACT parent company Bira has responded to the BRC-KPMG Retail Sales Monitor for September 2024

10 Oct 2024

Cycle to Work scheme provider Gogeta has reported a significant increase in the number of employers signing up to its scheme.

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Budget should cut retailers’ costs, says retail trade organisation

Posted on in Business News , Cycles News

The British Independent Retailers Association (Bira) has called for a series of cost-saving measures in the next Budget to help boost business.

Red budget box

Bira, which is the parent organisation of the Association of Cycle Traders, says its wish list includes making the current retail discount of 75% on rates permanent; a 20% increase in employers’ national insurance allowance; and action to help release businesses from expensive energy contracts.

Bira has made its requests in advance of the Spring Budget on 6 March, when Chancellor Jeremy Hunt will address Parliament.

Andrew Goodacre, Bira’s chief executive, urged the government to address a series of issues for retailers, also including broader efforts to improve consumer confidence and spending.

He said: “These wishes represent a collective vision for a vibrant and flourishing retail landscape.

“We believe that by addressing these crucial issues in the Spring Budget, the government can lay the groundwork for a prosperous future for independent retailers and the UK economy as a whole.”

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