Retail sector protection urged as sales stay volatile

A restoration of the standard Vat rate to 21%, greater help for retailers to trade online and a tackling of business rate levels have been called for as latest retail sales figures show continued volatility, writes Geoff Percival.

“As Budget 2018 approaches, we call on Government to support the retail sector to help stimulate growth and employment,” said Isme chief executive Neil McDonnell.

“This can be done by reducing the Vat rate from 23% to 21% in October’s budget. Retailers also need greater help with establishing online trading platforms to compete with UK retailers.