Tax & Training Reforms Vital To Safeguard UK’s £352BN Retail Industry says CBI
Urgent reforms to the UK’s outdated Business Rates system and inflexible Apprenticeship Levy are essential to support a retail and wholesale industry which underpins economic activity in every town and city across the Midlands.New research by CBI Economics, conducted on behalf of the CBI and its retail members, reveals retail and wholesale activity is now worth £352billion a year to the UK economy. It supports one in five of the nation’s jobs, with 5.7 million people employed within the sector or its suppliers.In the Midlands alone, the sector is worth £49bn to the economy and sustains 1,052,116 jobs.That includes:Birmingham –...
