Press Releases

ACS Sets out Concerns over Future Wage Rises to Low Pay Commission

Written by Leah Myers

ACS (the Association of Convenience Stores) has presented evidence to the Low Pay Commission on the impact of the National Living Wage, urging the Commission to consider how sustainable the Government target of 60% of median earnings by 2020 is. Responses from the 2016 ACS National Living Wage survey have shown that retailers are likely […]

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Business Organisations Call on Chancellor to Act on Rate Reforms

Written by Leah Myers

A group of organisations representing over 100,000 shops and other businesses has called on the government to focus on reducing the burden of business rates instead of further cuts in corporation tax. In the letter to Chancellor George Osborne, groups representing businesses ranging from pubs and bars to convenience stores and large retailers have highlighted […]

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ACS Calls on Ofgem to Introduce TPI Code of Practice as CMA Investigation Concludes

Written by Leah Myers

The Competition and Markets Authority (CMA) have published their final report on reforms to the energy market after a two year investigation, recommending a range of changes to make both the domestic and non-domestic energy markets more competitive. The investigation found that thousands of consumers and microbusinesses (businesses employing fewer than 10 people) are paying […]

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MPs Echo ACS’ Concerns on Business Rates

Written by Leah Myers

An influential committee of MPs has today published a report into 100% retention of business rates by local councils.  The report echoed ACS’ concerns that local councils are not using existing discretionary rate relief powers, and that Local Enterprise Partnerships may not be the best structure through which to determine when it is appropriate to […]

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ACS Calls for Focus on Tackling Business Crime

Written by Leah Myers

ACS has responded to the Labour party’s consultation on the future of crime and policing policy, calling for a focus on business crime, especially violent offences and shop theft. In the submission, ACS highlighted that business crime cost convenience retailers an estimated £122million in 2015. Taking into account the amount retailers invest in crime prevention […]

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ACS Responds to CMA Retail Banking Market Investigation

Written by Leah Myers

ACS (the Association of Convenience Stores) has welcomed the provisional findings of the Competition and Markets Authority (CMA) following its investigation into retail banking services. ACS supports the CMA’s recommendations to encourage competition amongst retail banks, improve transparency in finance offers, and make it easier for businesses to compare and switch financial providers. ACS’ response […]

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Information for Retailers on New Polymer Banknotes

Written by Leah Myers

Ahead of the new £5 polymer note entering circulation on 13 September 2016, the Bank of England has provided training materials to help retailers identify the new security features on the £5 polymer bank note. The new note will be smaller than the current £5 note, and printed on polymer, which is a thin flexible plastic […]

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All Party Group Sets out Plan to Support Next Generation of Entrepreneurs

Written by Leah Myers

New proposals to encourage entrepreneurial activity in small businesses have been revealed today by the All Party Parliamentary Small Shops Group, including an ‘Entrepreneurs Test’ for all new business regulations. The All Party Parliamentary Small Shops Group’s Everyday Entrepreneurs Inquiry looked at how entrepreneurial activity can be encouraged and supported by central Government, both through […]

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Local Shop Investment Tempered by Rising Employment Costs

Written by Leah Myers

The latest ACS (Association of Convenience Stores) Investment Tracker shows that local shops have invested £600m in their businesses over the past twelve months, including a record £181m in the last quarter.  However, investment levels per store are down compared to the same period last year, and ACS is concerned that investment, particularly among smaller […]

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