18 October 2024
Bira is calling for clarity on the government's pledge not to raise taxes on "working people" and its implications for independent retailers.
Bira is urging the government to provide clear assurances that independent retailers will not face increased tax burdens in the upcoming Budget. The association argues that raising costs for small businesses would contradict both the letter and spirit of the government's pledge to protect working people from tax increases.
Andrew Goodacre, CEO of Bira, said: "I would like to know how the government defines working people. Shop owners who work in their own businesses are quintessential 'working people', often putting in long hours to keep their businesses viable and contributing to local economies. Any increase in business rates (property tax) and employers' NI is effectively a tax on these working people.
"If the government is genuinely committed to not raising taxes on working people, it must consider the full impact of any potential increases in business costs on independent retailers. These businesses are already facing numerous challenges, and additional tax burdens could be detrimental to their survival and the vitality of our high streets."
As the Budget approaches at the end of this month, Bira will continue to advocate for the interests of independent retailers.
What does independent retail need from a Labour Government?
Listen to the 'High Street Matters: Election Special' podcast, recorded following Labour's comprehensive election win, to hear the critical issues small high street businesses face, including the pressing topic of business rates that is expected to be addressed in this month's budget announcement.
Hear first-hand from indie retailers about their struggles and the specific actions they want their MPs to take. This Election Special offers a comprehensive look at what the high street truly needs to thrive.
Listen today!
Related News
All News-
Indie Retail is at the Heart of High Street Revival
Independent stores are helping to redefine the high street experience, offering unique products and creating community hubs that bring people together and drive local vibrancy.
-
Bira to respond to Low Pay Commission’s National Living Wage consultation for 2026
Bira has confirmed it will be responding to the Low Pay Commission’s (LPC) newly launched consultation on the National Living and Minimum Wage rates for 2026.
-
Bira welcomes Bank of England's latest interest rate cut
Independent retailers association Bira has welcomed the Bank of England's decision to reduce interest rates from 4.5% to 4.25%, calling it a "much-needed boost" for the retail sector during challenging economic times.
-
Bira responds to Beales' "Rachel Reeves Closing Down Sale" as iconic store makes final protest
An independent retailers association has responded to the news that the 144-year-old Beales department store is staging a "Rachel Reeves Closing Down Sale" in its final weeks of trading, with giant yellow banners directly blaming the Chancellor for its closure.