ELECTION ON THE HORIZON

Lowman discusses four key areas identified by the Association of Convenience Stores (ACS) that retailers in the UK should closely monitor. Shop theft gained significant media attention in 2023, prompting commitments from Police and Crime Commissioners to address the issue. However, with prisons and...

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Bibliographic Details
Published inIndependent Retail News p. 14
Main Author Lowman, James
Format Trade Publication Article
LanguageEnglish
Published Croydon Emap Limited 01.01.2024
Subjects
Convenience stores
Industrywide conditions
Retailing industry
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Summary:Lowman discusses four key areas identified by the Association of Convenience Stores (ACS) that retailers in the UK should closely monitor. Shop theft gained significant media attention in 2023, prompting commitments from Police and Crime Commissioners to address the issue. However, with prisons and courts facing pressure, alternative solutions may be proposed. The Labour and Conservative parties are likely to include a public health strategy in their manifestos, necessitating an understanding of its impact on the retail sector. The Low Pay Commission's remit currently focuses on reaching two-thirds of median earnings, but without further guidelines, political parties may engage in a bidding war without considering the negative implications for businesses. Additionally, forecourt retailers will be watching for any changes to the roadmap to 2035 and whether the next government will prioritize an accelerated green agenda, including the ban on new petrol and diesel vehicles.
ISSN:1357-2660