Scottish Retail Consortium makes Budget recommendations

busy high street

The Scottish Retail Consortium (SRC) has published its recommendations for the Scottish Government’s 2022-2023 Budget, calling for action to stimulate consumer spending and support hard-pressed businesses.

SRC has submitted its six-page Budget paper – ‘Stimulating A Sustainable Retail Recovery’ – to Finance Secretary Kate Forbes MSP, who is expected to publish the government’s tax and spending plans later this year.

The SRC have called for:

  • Action to stimulate consumer spending and entice people back to city centres.
  • A modest further discount to business rates in 2022-2023.
  • Early progress towards restoring the level playing field with England on the rates supplement applied to larger commercial premises.
  • A pause on introducing workplace parking levies and rejection of a ban on shops from trading on New Year’s Day.
  • Clarity over the proposed new company reporting obligations outlined in the recent accord with the Green Party.

David Lonsdale, Director of the Scottish Retail Consortium, said: “Swathes of Scotland’s retail industry are in a parlous state. A sixth of shop units are vacant, footfall is a fifth down on pre-pandemic trading, and sales have yet to climb back to pre-pandemic levels. That indicates the pressure on the industry, but also an opportunity. If we can encourage consumers back to normal spending patterns that will kick-start a recovery for shops, eateries, and suppliers. The last few years have seen the Scottish Budget promote growth and support business – it’s vital that continues this year.”

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This website contains images and information relating to tobacco products. Please do not view if you are under 18 years of age.

This publication contains images and information relating to tobacco products. Please do not view if you are under the age of 18 years old.