British retail industry calls on the government to introduce stimulus policies to rescue the market

　　China News Agency, London, March 30 (Zhao Xingyi) Several well-known retail professionals in the United Kingdom jointly proposed the "Outgoing Shopping Subsidy" program on the 30th, calling on the British government to introduce stimulus policies to save retail stores in distress.

　　The British government announced last week that retail stores will reopen on April 12 after being closed for several months, and will be open until 10 pm on Saturdays.

On March 23, 2021 local time, London, England, British landmarks and buildings lit up with yellow lights to commemorate the first anniversary of the first "closed city".

Image source: ICphoto

　　The British retail industry recently launched a petition campaign called "Save the Commercial Street", urging the government to introduce a rescue policy similar to the "dining out subsidy" program that supported the catering industry last summer.

　　The "Outing Shopping Subsidy" program requires that every Monday to Wednesday this summer, consumers who shop in physical stores with fewer than 10 employees can receive a 50% government subsidy, with a ceiling of £10 and a duration of one month.

　　The British Retail Federation estimates that retail stores for non-essential goods are the most affected group during the epidemic blockade. In 2020, they lost 22 billion pounds in sales and reduced passenger flow by 40%.

More than 11,000 retail stores across shopping streets, shopping centers and retail parks have been permanently closed.

Data map: A pedestrian crosses the street in front of the Royal Exchange.

　　Ross Bailey, CEO of the British retail leasing market "here" said: "This is a unique opportunity to redefine the UK retail industry, but without government support, we will be ready for a retail The bloody slaughter of karma."

　　Natalie Berg, a well-known retail analyst in the United Kingdom, said: "The British retail stores have experienced a year of turbulent vitality. The government must take immediate rescue actions to avoid the end of the major commercial streets in the UK."

　　A week ago, the British Chancellor of the Exchequer Rishi Sunak announced in his budget that the commercial tax reduction for retail stores would be extended to July this year.

Many people in the economic circles believe that the government now needs to adopt more substantive support policies to bail out British retail stores.

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