Latest news from Bira

04 Aug 2021

Bira repeats calls to 'write-off' retailers' debts in New Statesman article

A third of independent high street businesses will eventually default on the Government’s Bounce Back Loan scheme, according to an article in the New Statesman.

The feature, which focuses on the high street report by Bill Grimsey, includes comments from Bira CEO Andrew Goodacre, and member Cathy Frost, who runs LoveOne in Ipswich.

In his report Bill calls on the Government to 'write-off' the debts of retailers, which is estimated to be £1.7 billion.

Andrew told the New Statesman: "What is needed now are very specific policies targeted at areas that need help." 

Meanwhile, Cathy describes the experience of having to take out a Bounce Back Loan as a 'morale-sapping moment’.

Read the feature here

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