Home » Commercial » Urgent action needed to stop shop closures

Urgent action needed to stop shop closures

Jane Milne, BRC Business Director, said: "Retailing is caught between falling sales and rising costs. Property is one of retailers’ major costs and it has spiralled out of control as landlords and the Government cashed in on competition for prime sites during the boom times.

"A haemorrhaging of retail jobs and local services is now evident in many communities. Urgent action is needed by landlords and the Government – boarded up shops help no-one.

"Retailers need rents to fall in line with market realties, a wholescale switch to monthly rent arrangements, an immediate freeze on business rates and a complete restoration of empty property rate relief.

"All of this is required now, before decimated high streets cause a further collapse in public confidence – pushing the economy into steeper recession."

Have your say on this story using the comment section below