The retail sector

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Posted on: 4 March 2014
By: mackene
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Filed under: News

The House of Commons Business Skills and Innovations Committee launched its Inquiry into the retail sector in the Spring of 2013, in response to the Business, Innovation and Skills Retail Strategy, which was published in October 2012. It outlined the Department’s support for the retail sector, at international, European, national and local levels. The Department then published a further Report, A Strategy for Future Retail in October 2013. The Committee’s inquiry asked for written comments on the initial Strategy. However, it received limited evidence concerning international and European retail issues; the bulk of the written and oral evidence concentrated on national issues. Furthermore, the majority of those who contributed to the inquiry wrote in detail about the burden of Business Rates. The Committee’s reports therefore concentrate primarily on the issue of Business Rates, in the context of the retail sector. The Committee argues that  the high street landscape is evolving and is likely to involve a more diverse mix of use, with housing, leisure, office, retail, and community space, with an urgent review of Business Rates for retail premises being an important consideration. The Committee also considered issues around the Portas Review and the High Street.

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