United Kingdom

Details

  • Industry: Retail and Consumer Goods
  • Type: Press release
  • Date: 30/03/2012

Short term fixes fail to tackle the wider challenges facing the UK High Street, warns KPMG 

 

Helen Dickinson, head of UK Retail at KPMG commented today on the Government's response to the Mary Portas Review.  She said:

 

“It was to be expected that the Government would support the Portas recommendations and given the enthusiasm around the existing pilot programme, that it would be extended.  All this focus and activity may well provide short-term fixes to some of the current challenges facing UK High Streets.  However, it fails to address the long-term social changes in shopping and leisure activity, which have got us to where we are today.  Tackling these long-term structural changes is more difficult, but is crucial to securing the future of the High Street.

 

“The Government’s response does not feel like a fundamental shift in the removal of regulatory and red tape burdens.  Removing these unnecessary regulations would have had a greater impact to help retailers set up and manage their business.

 

“And given the scale of the challenges facing the modern high street, the increased financial commitments will still hardly scratch the surface.  However, the focus and profile of the scheme has certainly sparked the imagination of local retailers and communities which is of value in itself.”

 

-Ends-

 

Notes to editors:

 

For press enquiries please contact

 

Zoe Sheppard, PR Manager at KPMG: +44 (0)117 905 4337 

zoe.sheppard@kpmg.co.uk             

 

About KPMG

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 11,000 partners and staff.  The UK firm recorded a turnover of £1.7 billion in the year ended September 2011. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 152 countries and have 145,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  KPMG International provides no client services.