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Dave Wilsher ex-ACT Director wins Family Business of the Year

Dave Wilsher ex-ACT Director wins Family Business of the Year at the Kent Invicta Chamber of Commerce awards.

18 Nov 2022, more…

Retail Sector Reacts with Cautious Welcome to Chancellor’s Autumn Statement

Retail and small business organisations have given a cautious welcome to business-focused aspects of the Chancellor’s Autumn Statement.

17 Nov 2022, more…

Confront the recession head on, says the ACT.

Cycle retailers around the UK facing up to the imminent challenges of recession will need to stay one step ahead of the curve to survive. Now is the time to benefit from being part of something...

17 Nov 2022, more…

Grants of £30K available to create up to eight secure cycle storage facilities across Belfast

Belfast City Council is seeking expressions of interest to provide publicly accessible secure cycle storage facilities across the city.

15 Nov 2022, more…

Global Bicycle Market Forecast to reach $130 billion by 2033

New research from Research Nester has forecast that between now and 2033, the global bicycle market could reach an estimated value of approximately $130 billion, by expanding at a compound...

15 Nov 2022, more…

Mary Portas warns government to act now or see half of high street shops shut

Ahead of the Chancellor’s Autumn Statement this week, retail expert Mary Portas called on the Government to rethink business rates and VAT to help struggling retailers.

14 Nov 2022, more…

94% independent retailers urge government to ‘preserve UK high streets’

A new report by Ankorstore and retail consultant Mary Portas has found that 94% of independent retailers want the government to act in next week’s budget to preserve the UK’s high...

10 Nov 2022, more…

bira offers guidance on energy bill relief scheme

bira has been offering guidance to retailers on how to take advantage of the Government’s energy bill relief scheme.

9 Nov 2022, more…

Black Friday consumer spending forecast to drop 50% this year

Figures from research conducted by global marketing agency Wunderman Thompson Commerce suggested consumers are set to spend up to 50% less than usual this Black Friday, November 25th.

7 Nov 2022, more…

Cycling Industry News launches annual Market Study

Cycling Industry News’ sixth annual Market Study has today gone live with independent retailers, workshops and mobile mechanics invited to take part by clicking here.

3 Nov 2022, more…

Cautious welcome from business leaders for new PM Sunak

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Cautious welcome from business leaders for new PM Sunak

Posted on 26 Oct 2022

As the economic clouds darken, business leaders have tentatively welcomed the arrival of Rishi Sunak as the country’s new prime minister.

Rishi SunakThis follows indicators showing optimism among business leaders falling this month to its lowest level since April 2020, during the first lockdown of the Covid pandemic. Rising inflation, a period of political uncertainty and increasing borrowing costs, which impacted on growth potential, were to blame.

Jeff Moody Commercial Director of bira said: "We welcome the news that Rishi Sunak is the new British Prime Minister, and we hope this ends the period of uncertainty for businesses and the country as a whole.

"Anything that will stabilise financial markets and improve consumer confidence will help the High Street in such a vital trading period is key and we hope that they restore the much-needed confidence in the financial market after so many weeks of turbulence.

"Now we ask for the Prime Minister and his cabinet to concentrate on reducing the cost burden now with prompt support for business on energy and tax burdens but also in the long term by committing to reducing the rates burden on 'Bricks and Mortar' retailers to prevent further closures announcements," he added.

Tony Danker, the director general of the CBI, said the former chancellor had a “track record of seeing the economy through difficult times” during the Covid pandemic.

“He is now coming in at a time of great uncertainty with tough choices ahead. The new prime minister can lose no time in easing the impact of market turmoil on households and firms and helping to restore fiscal credibility.”

Shevaun Haviland, director general of the British Chambers of Commerce, said his appointment came after a “hugely damaging” few months of political and economic uncertainty. “We cannot afford to see any more flip-flopping on policies – the UK’s businesses need a sustainable, long-term economic plan they can believe in.”

Helen Dickinson, Chief Executive at the BRC, said that with consumer confidence at historically low levels, the new Prime Minister “will need to provide certainty to households and support them through the cost-of-living crisis.”

“Retailers are playing their part in supporting their customers, shielding them from the worst of rising costs resulting from a weaker pound, tight labour market and war in Ukraine. However, these efforts are threatened by the £800m bombshell of additional business rates that will hit retailers in April – a 10% rise that far outstrips sales growth over the last year. To support consumers at this difficult time, government should freeze business rates and reform the broken transitional relief system, or it will be households that pay through higher prices,” she added.

 

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