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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? ....
Of 500%. that is not sustainable!- of 500%. that is not sustainable! ., , sustainable! no, it isn t. i totally agree. sustainable! no, it isn t. i totally agree. that - sustainable! no, it isn t. i totally agree. that is - sustainable! no, it isn t. i totally agree. that is why | sustainable! no, it isn t. i. totally agree. that is why we have asked the government to step in on this. in fairness, we were seeing increases of 300% last october, so this is not necessarily a new problem. we felt for a long time that intervention and support along the lines of what was happening in the covid period is necessary. in the covid period is necessary. in the covid period is necessa . y necessary. briefly if you can, are ou necessary. briefly if you can, are you saying necessary. briefly if you can, are you saying a necessary. briefly if you can, are you saying a cut - necessary. briefly if you can, are you saying a cut in - are you saying a cut in consumer spending? are you saying a cut ....