“Retailers want to trade their way to recovery, but if they are forced to close then further financial support will be needed.”
The British Retail Consortium has responded to the latest lockdown measures – which officially came into force at midnight (Wednesday January 6), warning of “severe” consequences for many retail businesses.
Helen Dickinson, chief executive of the BRC, said that while she understood the need for the government to act, further financial support was needed.
“The consequences of these latest restrictions – with non-essential retail already closed for several weeks – will be severe for many businesses who yet again face losing £2bn per week in sales,” she commented. “Already, 178,000 retail jobs have been lost in 2020, and with over 250,000 retail staff currently on furlough, that number could increase dramatically in the new year.
“Retailers want to trade their way to recovery, but if they are forced to close then further financial support will be needed or many businesses will go bust and thousands of viable jobs will be lost. The biggest difference the government can make is to extend business rates relief from April for those hardest hit by repeated lockdowns.”
Helen continued: “The government’s testing programme and a rapid roll-out of vaccines are the key to bringing an end to this cycle of lockdowns, and we have made clear to government that the retail industry is willing to make its resources available to support this effort.”
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