yes, a very warm welcome to all the business news. and we start here in the uk, where skyrocketing inflation is causing big problems for retailers. just how big will be revealed in a few hours when we get those retail sales numbers forjuly. if we look back, sales fell 0.1% month on month injune, and that was a better than expected result as rising energy and fuel prices dented consumer confidence. now that inflation is topping 10%, the british independent retailers association is calling for 100% rates relief to be introduced for smaller retailers, and an energy price cap for businesses. let us get more. andrew goodacre, ceo, british independent retailers association. good morning. thank you for joining us. you are calling for the smaller retail, rate relief and an energy price for business in general. just talk about energy, energy prices have gone through the roof stop how much is it hurting our retailers? how much is it hurting our retailers? ,., ., ., , retailers? good m
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one of the big bonus for us. i think the challenge that we have over all is it is just unsurmountable cost coming in, the trickling of energy costs. we have seen up to 600% increase in energy costs. business interruption insurance is over 100% and they are still suffering from legacies debt per unit on average of about 133 k, so many of the sme businesses, independent businesses, independent businesses, are at huge risk of failing at the moment and subsequently that means jobs being lost also. it subsequently that means “obs being lost alsofi being lost also. it certainly does. being lost also. it certainly does- it being lost also. it certainly does- it is being lost also. it certainly does. it is like being lost also. it certainly does. it is like a being lost also. it certainly does. it is like a dog - being lost also. it certainly i does. it is like a dog chasing its tailfor the economy does. it is like a dog chasing its tail for the economy here. i was talking about the