News

24 Sep 2020

Bira's reaction to Chancellor's statement

Bira has welcomed the Chancellor's new measures to further support businesses and protect jobs, announced today (Thursday, September 24).

Rishi Sunak, the Chancellor of the Exchequer, announced a raft of new schemes to preserve jobs and boost the economy in the aftermath of the Covid-19 pandemic.

Measures announced included a new jobs support initiative - where the Government will top-up employees wages - when the furlough scheme ends next month; an extension to the VAT cut for the hospitality and tourism sectors; and longer repayment terms for the Coronavirus Business Interruption Loans (CBILs).

However, Bira would still like to see further schemes to support independent retailers still struggling in the economic crisis.

Andrew Gooadcre, Bira's CEO, said: "We are supportive of further measures to support businesses and protect employment.

"But we are disappointed that there was no mention of an extension to the business rates holiday beyond April 2021.

"Now, more than ever, the independent retail sector need the Government's help if it is to survive this crisis."

There will be further details of the schemes to follow once available.


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