The British Independent Retailers Association has urged new chancellor Jeremy Hunt to help deliver clarity and certainty for independent traders.

In today's announcement, Mr Hunt ditched almost all of PM Liz Truss' tax cuts announced three weeks ago.

The basic rate of income tax will now remain at 20p indefinitely, instead of being reduced to 19p. 

Cuts on stamp duty and National Insurance remain in place.

Jeff Moody Managing Director of BIRA Direct said: "As BIRA have been asking for Certainty, Confidence and Stability - Jeremy Hunt is committing to today.

"Business needs confidence for consumers to spend and a stable exchange rate to be able to plan stocks. We are pleased Mr Hunt has said that Business will be looked at with regards to energy price support but will be watching what he means by “Those most effected” and aimed at “Energy Efficiencies”.

Bira remain committed to lobbying Govt to support Small Businesses and by reviewing and reducing the Business rate for all High streets would add Clarity, Confidence and Stability back to Bricks and Mortar retailers

Mr Moody added that BIRA was asking for clarity so retailers can plan and invest for the future, and uncertainty was not helping.

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