CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow High Street Businesses being put under unsustainable pressure Forum of Private Business tells BBC
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
High Street Businesses being put under unsustainable pressure Forum of Private Business tells BBC PDF Print E-mail
Monday, 20 February 2017
As the impact of the Business Rate Review starts to hit high street businesses, the Forum of Private Businesses, which represents many of the independent and family businesses who will be impacted, is highlighting that Business Rates are just one of the costs that disproportionately penalises small businesses. 

‘We are being told by members that they are under increasing pressure, as the costs of trading rise at a faster rate than their sales. They are coping with a number of relatively new costs, such as auto enrolment, the living wage, digital tax changes, and a weaker pound forcing up costs already, and the impact of increased business rates will be the final straw for some’ says Ian Cass, Chief Executive of the Forum.

Commenting on the BBC’s Radio Five Programme, Ian Cass, emphasized that it is frequently the smaller high street businesses that are the drivers of regeneration. Citing the Northern Quarter in Manchester, and Shoreditch in London as just two locations where independent shops, bars and restaurants have been the catalyst for recovery and growth, he criticised the regulations that are now becoming a burden to those very businesses.

‘Independent businesses lack the economies of scale that their bigger competitors have, and neither do they enjoy the rebates available to charities. They are the barometer of a healthy high street, and the current broken taxation model threatens to kill off the diversity in our high street. The Business Rate changes are just a part of the problem,’ he claims.

Calling on the Government to act, he said, ‘As the Government embarks upon its Industrial Strategy, and as we Get Britain Trading, real attention needs paying to the incentivisation for small businesses to come to, and remain in, the high street, as opposed to bringing in costs and regulations that will drive them away. The Forum is committed to supporting independent and family businesses. We look to the Government to do the same’
 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197