NTIA Reacts to Labour’s five-point plan to revitalise Britain’s cherished high streets.
The party has pledged to use the “full force of a Labour government” to rescue retailers with a plan to: tackle antisocial behaviour and shoplifting; roll out banking hubs; replace business rates; stamp out late payments to small businesses; and revamp empty shops, pubs, and community spaces.
Michael Kill, CEO of the Night Time Industries Association, emphasises the critical role that licensed and cultural spaces play in the night time economy and the broader community. Without adequate support, these important businesses risk closure, leaving significant voids in local high streets. He applauds the Labour Party’s efforts to tackle the challenges facing such businesses, recognising the need for initiatives that will enable night time economy businesses to thrive and continue serving as vital community and cultural hubs.
Kill highlights the detrimental impact of the current business rates system, which disproportionately burdens night time economy businesses with an annual cost of millions to the sector. He stresses the urgent necessity for a comprehensive, long-term solution to this issue, advocating for reforms that empower businesses in the night time economy to invest in their personnel and physical spaces, ensuring their sustainability and continued contribution to local communities.
