Local Retailers

Minimum Wage Hurts Local Retailers

The national minimum wage is taking its toll on local retailers according to a report into the health of high street retailers by the British Shops and Stores Association. The bssa warns that, ever since its introduction in 1999, the National Minimum Wage has increased beyond the level of inflation driving up staffing costs at an uneven rate and it echoes the CBI’s call for a modest rise in the minimum wage. The bssa report, Health of the High Street (3.4Mb PDF), urges action from the governement to ensure the survival of Britain’s high street shops and to continue their growth. The report includes a full review of the formula for setting the national minimum wage, raising the threshold for Small Business Rate Relief for single shops within high rental zones of UK high streets ... »