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Industry questions new PM's priorities


The best Boris - or any PM can do - for shops is the amount of disposable income combined with confidence. If people have a little bit extra with that confidence to spend, then they will - but where? While the argument will never end regarding business rates, what Governments should not do is support failing big business relying on dated retail models and in locations that cannot afford to be in - of which there have been all took many in recent years. That would be indirectly funded by the tax payer and that simply isn't on. Small Businesses used to be the Conservative backbone and arguably have been left behind in recent years to a degree, However the introduction of no rate charge under the threshold for £12,000 has been extremely welcome and very under-reported. Any further support for them would be welcome, especially in rural areas where they can be a lifeline. As long as Boris does not throw good money after bad and prioritise where it is most effective, he'll be in with a chance of doing a decent job if he is allowed to do so - and that is far from certain.

Posted date

23 July 2019

Posted time

1:47 pm