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Telegraph names Britain's 15 best high streets where Christmas shopping is a pleasure

7 Dec 2022

During a tough economic climate with significant challenges for retailers, the Daily Telegraph has named 15 high streets around the country that it says, “retain a healthy selection of... Read more…

Shoppers look to reduce Christmas spending with more second-hand gifts

6 Dec 2022

Surveys by Oxfam and British Heart Foundation suggest that shoppers are not only looking to reduce spending this Christmas but to choose more second-hand and meaningful gifts.
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BBC analysis reveals full extent of changes to Britain’s High Streets

6 Dec 2022

The BBC has published comprehensive analysis of Ordnance Survey data that reveals the full extent of changes to Britain's High Streets after two years of Covid lockdowns and trading... Read more…

Cycling UK names its 100 Women in Cycling 2022

30 Nov 2022

Cycling UK has published its annual 100 Women in Cycling 2022 list celebrating inspirational women in cycling.
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Cycling in London up 40% since the start of the pandemic, TfL reports

30 Nov 2022

Cycling in London has increased by 40% since the start of the pandemic, including a near-doubling of journeys by bike at the weekend, according to the newly published annual Travel in London... Read more…

UKCA mark deadline delayed - CE marks okay to use till end of 2024

29 Nov 2022

The Business Secretary, Grant Shapps, has announced that businesses are to be given a further two years to apply new product safety marking.
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New report claims UK lagging behind Europe in cycling infrastructure development

29 Nov 2022

A new survey of 2,000 British cyclists, which is part of a wider European report, claims that only just over a quarter of people in the UK think their local cycling infrastructure has improved... Read more…

Large number of bike shops help Cambridge be as named best city for independent retailers

24 Nov 2022

According to a new survey, Cambridge is the best in the country for independent shopping to support small businesses. The study found that many of the city's small businesses turned out to be... Read more…

Indie Retailers in York to get funding boost from City Council

22 Nov 2022

Groups of independent retailers in York are to receive a £25,000 funding boost to help with promotion during the Christmas trading period and to attract more customers in 2023.
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IRC backs ‘Colour Friday’ alternative to Black Friday sales

22 Nov 2022

The IRC has joined bira and other retail trade associations in backing the ‘Colour Friday’ alternative to this week’s Black Friday sales.
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Cautious welcome from business leaders for new PM Sunak

Posted on in Business News, Cycles News, Outdoor News, Political News

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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