A few High Street retailers seem to have gone into Administration and are due for
closures or cutting down in the near future, names such as the lingerie specialist
La Senza, the shoe retailers Priceless and Barratts, and a couple of other names.
The story is the same.
The Uniform Business Rates are too high, recently raised another 5.6%.
The rents are too high, making it difficult for bricks-and-mortar shops to
be competitive compared to the online stores, which don't have such overheads.
Perhaps the council leaders and the landlords and the association of business owners
and whoever else is concerned, should communicate or sit down together and work
out a strategy to save Britain's High Streets. Closed shops en masse dampen confidence,
the landlords don't receive anything, plus without heating and maintenanc the buildings
will start to suffer, the local councils will not receive any Uniform Business Rates,
the shop staff will be on the dole, which is not good for anyone's morale.
Someone should just calculate how much social security it will cost to pay the people
who lose their jobs.
If a cost-benefit analysis is down, it may well prove that it may be better for the
landlords to reduce the rents, councils to cut the Uniform Business Rates, and
people to start using real shops a bit more. If necessary, the government should
consider giving subsidies for the staff wages, which may prove cheaper than social
security and restores dignity to people.
In Britain, some legislation or consent to back up sound common sense measures is
needed from the powers that be, to restore Britain on the path to economic Recovery.
Britain is not alone, it has suffered the economic turmoil with all other nations,
therefore it could perhaps have kinder budget cuts being implemented.