{"id":96787,"date":"2024-11-07T08:45:09","date_gmt":"2024-11-07T07:45:09","guid":{"rendered":"https:\/\/www.bioecoactual.com\/?p=96787"},"modified":"2025-06-23T17:45:55","modified_gmt":"2025-06-23T15:45:55","slug":"independent-retailers-triple-threat-warns-bira","status":"publish","type":"post","link":"https:\/\/www.bioecoactual.com\/en\/2024\/11\/07\/independent-retailers-triple-threat-warns-bira\/","title":{"rendered":"Independent retailers face triple threat in new budget, warns Bira"},"content":{"rendered":"

The British Independent Retailers Association (BIRA)<\/strong> has condemned Labour\u2019s new budget as the most damaging for indie retailers in recent memory. The triple blow of doubled business rates, increased National Insurance and higher minimum wage costs threatens widespread high street closures.<\/p>\n

\"\"<\/p>\n

Bira, representing over<\/strong> 6000 independent retailers across the UK<\/strong>, reports the reduction in business rates relief from 75% to 40% (capped at \u00a3110k) from April 2025 will more than double costs for many retailers. This comes alongside employer National Insurance contributions rising from 13.8% to 15%, with the earnings threshold slashed from \u00a39,100 to \u00a35,000, and the minimum wage increasing to \u00a312.21 per hour for over-21s.<\/p>\n

Andrew Goodacre, CEO of Bira, said: “This is without doubt the worst Budget for independent retailers I have seen in my time representing the sector. The government\u2019s actions today show complete disregard for the thousands of hard-working shop owners who form the backbone of our high streets.<\/p>\n

“Small retailers, who have already endured years of challenging trading conditions, now face a perfect storm of crippling cost increases. Their business rates will more than double as relief drops from 75% to 40%, while they\u2019re hit simultaneously with employer National Insurance rising to 15% and a lower threshold of \u00a35,000, down from \u00a39,100. Add to this the minimum wage increase to \u00a312.21, and many of our members are telling us they simply cannot survive this onslaught.<\/p>\n

“One member has already calculated these changes will increase their cost base by \u00a3150,000 next year alone,” he said.<\/p>\n

The triple blow of doubled business rates, increased National Insurance and higher minimum wage costs threatens widespread high street closures<\/p><\/blockquote>\n

Mr Goodacre added: “For all the government\u2019s rhetoric about supporting small businesses and revitalising high streets, their actions do precisely the opposite. These punishing measures will force many shop owners to make heart-breaking decisions about their businesses\u2019 future.<\/p>\n

“What makes this particularly bitter is that these are family businesses, often built up over generations, run by people who work incredibly long hours to serve their communities. They\u2019re now being asked to shoulder an impossible burden while trying to compete with online giants who face none of these cost pressures.<\/p>\n

\u201cThis is clearly an anti-high street Budget. I can only assume that the government is happy for working people to shop online and buy cheap imports. This government has shown complete disregard for the local businesses that create jobs and maintain vibrant communities,\u201d he said.<\/p>\n

A recent survey released by Bira showed that 46% of retailers reported worse trading in early 2024 compared to 2023, with 42.6% expressing low confidence for Q2 2024.<\/p>\n

“This Budget betrays every independent retailer who has fought to keep their business alive through recent challenges. It\u2019s not just disappointing \u2013 it\u2019s potentially catastrophic for Britain\u2019s high streets.”<\/p>\n

Subscribe<\/a>\u00a0to Bio Eco Actual Newsletter and be up to date with the latest news from the Organic Sector<\/strong><\/p>\n

Bio Eco Actual<\/strong>, International Organic Newspaper
\n<\/em>Read Bio Eco Actual<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The British Independent Retailers Association (BIRA) has condemned Labour’s new budget as the most damaging for indie retailers in recent memory. The triple blow of doubled business rates, increased National Insurance and higher minimum wage costs threatens widespread high street closures.<\/p>\n","protected":false},"author":419,"featured_media":96788,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5210,8361],"tags":[],"class_list":["post-96787","post","type-post","status-publish","format-standard","has-post-thumbnail","category-latest-organic-news","category-uk-natural-products-online"],"yoast_head":"\nIndependent retailers face triple threat in new budget, warns Bira - Bio Eco Actual<\/title>\n<meta name=\"description\" content=\"The British Independent Retailers Association (BIRA) has condemned Labour\u2019s new budget as the most damaging for indie retailers in recent memory\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bioecoactual.com\/en\/2024\/11\/07\/independent-retailers-triple-threat-warns-bira\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Independent retailers face triple threat in new budget, warns Bira\" \/>\n<meta property=\"og:description\" content=\"The British Independent Retailers Association (BIRA) has condemned Labour\u2019s new budget as the most damaging for indie retailers in recent memory\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bioecoactual.com\/en\/2024\/11\/07\/independent-retailers-triple-threat-warns-bira\/\" \/>\n<meta property=\"og:site_name\" content=\"Bio Eco Actual\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BioEcoActual\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-07T07:45:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-23T15:45:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bioecoactual.com\/wp-content\/uploads\/2024\/11\/High.street.ilfracombe.arp_.750pix.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"561\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bio Eco Actual\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@bioecoactual\" \/>\n<meta name=\"twitter:site\" content=\"@bioecoactual\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bio Eco Actual\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bioecoactual.com\\\/en\\\/2024\\\/11\\\/07\\\/independent-retailers-triple-threat-warns-bira\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bioecoactual.com\\\/en\\\/2024\\\/11\\\/07\\\/independent-retailers-triple-threat-warns-bira\\\/\"},\"author\":{\"name\":\"Bio Eco Actual\",\"@id\":\"https:\\\/\\\/www.bioecoactual.com\\\/#\\\/schema\\\/person\\\/43c1f0817cbc73f37ce66f2978084ceb\"},\"headline\":\"Independent retailers face triple threat in new budget, warns Bira\",\"datePublished\":\"2024-11-07T07:45:09+00:00\",\"dateModified\":\"2025-06-23T15:45:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bioecoactual.com\\\/en\\\/2024\\\/11\\\/07\\\/independent-retailers-triple-threat-warns-bira\\\/\"},\"wordCount\":487,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bioecoactual.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bioecoactual.com\\\/en\\\/2024\\\/11\\\/07\\\/independent-retailers-triple-threat-warns-bira\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bioecoactual.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/High.street.ilfracombe.arp_.750pix.jpg\",\"articleSection\":[\"Latest Organic News\",\"UK's Latest Natural & Organic News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bioecoactual.com\\\/en\\\/2024\\\/11\\\/07\\\/independent-retailers-triple-threat-warns-bira\\\/\",\"url\":\"https:\\\/\\\/www.bioecoactual.com\\\/en\\\/2024\\\/11\\\/07\\\/independent-retailers-triple-threat-warns-bira\\\/\",\"name\":\"Independent retailers face triple threat in new budget, warns Bira - 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