Vin in BBC’s ‘unfair system’ report

The challenges facing bricks and mortar retailers are in the spotlight, with chancellor Rishi Sunak announcing a new £5bn support package for the High Street over the weekend (February 28), ahead of the Budget on Wednesday (March 3). However, Bira (British Independent Retailers Association) and BRC (British Retail Consortium) continue to lobby for an extension of the business rates holiday (in line with Scotland) followed by a business rates overhaul.

Above: Bira member and spokesperson for independent retailing: Vin Vara of The Tool Shop Group.
Above: Bira member and spokesperson for independent retailing: Vin Vara of The Tool Shop Group.

In the run-up to the Budget, housewares and hardware stockist, Vin Vara, owner of The Tool Shop Group spoke out for a BBC report last week (February 25). “I pay the same rates at my Islington store as Amazon pays for a big warehouse. Where’s the logic in that? They do 50 times the revenue,” said Vin. Also featuring comments from Bira’s ceo Andrew Goodacre, the BBC report highlighted how the unfair rates system will contribute to more shop closures if not addressed by the chancellor this week.

Vin’s chain of central London stores has diminished from 12 in 2019 to five, with the Paddington shop due to close soon. If business rates are to go ahead from April, the bill for just four stores would be around £66,000.

“We need to think outside the box: how do we get the High Street back? We just need there to be a fair and level playing field,” stated Vin.

*5 Under the newly announced £5bn support package for the High Street (to be elaborated on in the Budget), non-essential retailers will be able to apply for grants of up to £6,000 to help them start trading again when shops can reopen.

* In mid February, Scotland’s finance secretary Kate Forbes announced another financial year’s extension of the business rates holiday in Scotland.

 

Top: The Tool Shop Group’s Housewares store at Waterloo, London.

MORE NEWS
Copy of Progressive Preschool featured image (36)
 
WildBrain CPLG has been appointed by ETABLISSEMENTS PEUGEOT FRÈRES and its subsidiary PEUGEOT FRÈRES INDUSTRIE to represent the PEUGEOT brand globally....
Copy of Progressive Preschool featured image (35)
 
One of the key tools of any kitchen, knives make up an important part of the housewares landscape. PH finds out about the latest launches and what drives sales....
Copy of Progressive Preschool featured image (34)
 
This month, Andrew Goodacre, ceo of BIRA, weighs in to the question on every supermarket's lips - to serve or self serve? ...
Copy of Progressive Preschool featured image (33)
 
Spring Fair will launch the Licensing Lab in partnership with Fabacus and Licensing International at the next show....
Copy of Progressive Preschool featured image (32)
 
HORL has introduced scissors which can be sharpened at home – with the HORL Sharpener....
Copy of Progressive Preschool featured image (31)
 
New research by Joseph Joseph has revealed that 72% of Brits struggle to clean or organise rooms in their home. ...
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.