Bira: ‘Many members won’t benefit from rescue package for self-employed’

The British Independent Retailers Association (Bira) has welcomed yesterday’s (Thursday March 26) rescue plan for the self-employed – but has raised concerns that many of its members won’t benefit.

The Chancellor of the Exchequer Rishi Sunak unveiled a package of support for self-employed people unable to work following the outbreak of coronavirus Covid-19. The package will see self-employed workers paid up 80% of lost wages by the Government, capped at £50,000.

But Bira ceo Andrew Goodacre said some members will still be left to struggle because of certain exemptions to the package.

He commented: “I welcome the fact that the Chancellor is committed to providing direct financial support to self-employed retailers. However, many of our members are not sole traders and so a grant based on profit may not work for them, as our members might pay themselves a dividend, which is excluded. We need to understand the detail on this one – as with all the other announcements.”

Bira said it is calling for more transparency and detail over the financial support packages announced in the last fortnight and will ‘#continue to fight for the best deal for small independent retailers’.

Other measures that Bira has successfully campaigned for include: the reduction and subsequent removal of business rates; provision of grants from local authorities; support for employees through the employee protection grant; and hardware stores and health food stores identified an essential services, allowing them to continue trade during UK lock-down.

Bira has also launched a new dedicated coronavirus hub to help members and the wider independent retail community through the crisis. Click here for details.

Check Also

Spring Fair returns

Spring Fair, the UK’s leading marketplace for wholesale Home, Gift and Fashion which returns to …