Sunday Trading reform statement
The Government’s Sunday trading proposal was defeated in the Commons by 31 votes on 9 March 2016.
“The rejection of the proposal to modernise the law on Sunday trading is very disappointing.
“This was an opportunity to re-energise our high streets and, as our independent polling showed, was supported by retailers and workers alike. The economic evidence in favour of extended hours is clear – £260 million every year and the equivalent of 2000 new, full-time, jobs would be created in the West End and Knightsbridge alone with just two extra hours every Sunday.
“The economic factors that made this proposal necessary now will only get stronger over time, so while we accept and respect today’s result, we hope that it will be reconsidered by Parliament in the future.” – Jace Tyrrell, New West End Company
Boris Johnson supports Sunday Trading
London Mayor, Boris Johnson joined some of the UK’s biggest retail players on Bond Street earlier in the summer to announce that Central London is set to benefit from 2,000 new jobs as a result of proposals to extend Sunday trading hours. The commitment will see more Londoners employed throughout the West End and Knightsbridge.
The pledge from West End and Knightsbridge businesses came after the Treasury revealed that it is to consider giving local areas the power to extend trading hours for retailers.
Chancellor George Osborne cited New West End Company research in the announcement confirming that an extra two hours of trading on Sunday would boost Central Londoon businesses by £206m each year and provide over 2,000 additional full time retail jobs.
When interviewed on the topic Boris Johnson, MP, Mayor of London , said: “Proposed changes to Sunday trading regulations could revolutionise the shopping experience for millions of Londoners and visitors to the city and enhance the capital’s position as an international shopping destination.
We are now working to see how this can be best applied in the West End, to bring it into line with our global competitors and generate the extra jobs and income the city needs.”
The research, carried out by Volterra Partners, also reported that together with the launch of Crossrail, the potential extension of Sunday trading hours could lead to almost a 100% uplift in West End turnover, climbing from £8.8bn in 2014 to an estimated £16bn by 2025. Click here to request a copy of the full report.
Click here to read the West End and Knightsbridge’s Letter to The Sunday Times.