Press Releases

Trade Bodies Urge Caution on Future Living Wage Rises

A group of trade associations representing the interests of over 388,000 businesses employing around 4.5 million people, have written to the new Secretary of State for Business, Energy and Industrial Strategy Greg Clark, urging caution over planned increases in the National Living Wage in the next four years.

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ACS Calls for Low Pay Commission to Regain Independence over Future Wage Recommendations

ACS (the Association of Convenience Stores) has responded to the Low Pay Commission’s consultation on the future rates of the National Minimum Wage and National Living Wage, calling on the Commission to take into consideration the impact of wage hikes on local shops.

In the submission, ACS raises concerns about the target that the Low Pay Commission was set by the former Chancellor George Osborne of raising the National Living Wage to 60% of median earnings by 2020, calling for the Commission to have its independence in considering future wage rates reinstated.

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

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 to face negative consequences in their business if wage rates continue on their planned trajectory to 2020:

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Business Organisations Call on Chancellor to Act on Rate Reforms

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 that the cost of business rates remains too high, and that the further cuts in corporation tax do not go far enough to help businesses stay competitive.

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Petrol Forecourts Worth Over £4bn to UK Economy, Provide Over 117,000 Jobs

A new report released today by the Association of Convenience Stores has revealed the essential part that petrol forecourts play in the UK retail landscape.

The 2016 Forecourt Report has shown that UK consumers are increasingly flocking to their local petrol station to refuel themselves and their families, not just their cars. Hundreds of stores now provide full food service solutions, from coffee and sandwiches to meals for the rest of the week.

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MPs Echo ACS’ Concerns on Business Rates

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 raise business rates to fund infrastructure projects.

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ACS Calls for Focus on Tackling Business Crime

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 measures, the total cost of crime per store was £3,750. This is equivalent to a 3pence crime tax on every customer transaction.

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ACS Responds to CMA Retail Banking Market Investigation

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.

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Information for Retailers on New Polymer Banknotes

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 material. Polymer notes last longer and stay cleaner. The notes will also have advanced security features that make them more difficult to counterfeit.

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