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9 Jul 2020

With the additional Government funding and Activate Cycle Academy's launch of a brand new apprenticeship standard for bicycle mechanics there has never been a better time to take on an apprentice...

8 Jul 2020

The Competition and Markets Authority is leading a Digital Markets Taskforce to provide advice to the Government on the potential design and implementation of pro-competitive measures for...

8 Jul 2020

Coronavirus is clearly having a huge impact on retail workers but one ofthe impacts that is often overlooked is its effect on the mental wellbeing of those working in our stores.

7 Jul 2020

The Government has now published its response to the Call for Evidence on Violence and Abuse towards shop staff which closed in June 2019.

2 Jul 2020

Innovative indie retailers who adapt their business to combat the impact of Covid-19 are to be recognised in a special category in Britain's Best Small Shops competition 2020

2 Jul 2020

The Government has published the Business and Planning Bill in the Houseof Commons designed to make provision relating to the promotion of economic recovery and growth.

1 Jul 2020 | 1 comment

Rental e-scooters will become legal on roads in Great Britain from this Saturday, in a bid to ease pressure on public transport amid the coronavirus crisis

1 Jul 2020

To gauge the intentions of the British public, Maybe* has gathered 20,000 answers from regions across the UK to understand if and when they'll return to the shops, and what their concerns are...

1 Jul 2020

The FCA are requesting that firms now prepare for phased move to FCA's new data collection platform RegData.

24 Jun 2020

Recent research has investigated how consumer behaviour has developed over the past few months as people have adapted their shopping styles tothe lockdown

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Conservative Party Business Rates Announcement

Posted on in Business News , Cycles News

A recent story posted by a member of the Independent Retailers Confederation (IRC), ACS, outlines the Conservative Party's new package of measures that, if elected on 12th December, they will implement to support towns across the UK. The party proposes to provide a business rates discount for retailers. The proposals would mean that for businesses with a rateable value of less than £51,000, the retail discount would increase from 33% to 50% in 2020/21.

ACS' Local Shop Report 2019 found that the convenience sector contributes £308 million in business rates, meaning that an increase in the discount for stores with a rateable value of less than £51,000 could save the sector over £30 million in 2020.

The Conservative Party has estimated that the discount would effectively cut tax by £280 million for the small business sector. The Conservative Party has also proposed to support community groups to buy local Post Offices and pubs through £150 million funding.

The full Conservative Party's announcement can be found here.

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