- Labour fights US candy stores
- Proposes “new shops bonus”
- Seeks high street revitalization
Beginning with Oxford Street, the party is urging the government to implement a “new shops bonus” for lawful businesses that establish on British high streets.
The Labour Party has pledged to combat rogue American confectionery stores and has requested that the government assist in the restoration of the British high street.
The political party is urging the government to implement a “new shops bonus” for lawful establishments that commence operations on prominent commercial thoroughfares, commencing with Oxford Street in the heart of London.
At present, over twenty confectioneries with an American theme are operational in the bustling commercial centre, which formerly housed dozens of prominent landmark stores.
According to Labour, these American confectioneries are almost always operated through shell corporations devoid of assets and fabricated company directors, and the proprietors avoid paying business rates on a regular basis.
The City Council of Westminster is investigating approximately £9 million in unpaid business rates from 26 stores on Oxford Street alone.
Labour’s High Street Revitalization Plan
However, the shadow financial secretary to the Treasury, James Murray, has made a commitment that a Labour government would collaborate with local governments to revive the British high street and guarantee the reopening of legitimate businesses.
“We are urging the government to collaborate with councils, including Westminster City Council, to provide incentives for legitimate businesses to open on the high street, as opposed to these shell corporations that commit other offences and fail to pay their bills,” he said.
Under a Labour government, business rates would be replaced with a new system, and the Economic Crime Act would be utilised to clamp down on rip-off enterprises and ensure that adequate checks are in place prior to the formation of corporations.
Labour’s proposals would grant proprietors of newly constructed retail establishments a three-month business rate exemption during the initial year of ownership.
According to the party, they would reallocate the funding used to provide three months of “empty property relief” to cover this.
At this time, the proprietor almost always exclusively allocates this, as opposed to aiding new tenants.
Councilman Adam Hug of Westminster has expressed his approval of initiatives to revitalise the high street.
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“Like councils across the United Kingdom, we seek to restore our high streets to their rightful status as hubs of local commerce and community engagement,” he stated.
“We have reduced the number of candy stores by one-third on Oxford Street, but we can only do so much without the participation of the national government.”
Delegating these new powers to us would be an extremely essential and welcome change that would enable us to accomplish much more, ensuring that the West End of London receives the acclaim it merits not only this Christmas but also in the future.
