Bira bank is celebrating the first time it has turned over a
The bank is owned by the
'It is the only trade association-owned bank. It still provides a profitable home for deposits and helps with other things such as loans and Isas. We do a lot and have a lot of expertise.
'We have a full banking licence and the increase in regulation on banks has been just as heavy but more onerous for us.'
Confidence among independent retailers is rising sharply and is at its highest level since 2008 as overall trading continues to improve, according to Bira. Seven in ten independent retailers feel confident or very confident. Quarter-on-quarter turnover figures show the balance of firms growing strongly, with those in growth nearly half as numerous again as in the same quarter in 2013.
But more than 44 per cent of respondents are finding less in the till than at the same time a year ago.
Bira says: 'The improvement is remarkable in the face of the fact that both our survey and official figures show that shop prices are contin- uing to fall. While results are not spectacular they are solid and gains in turnover are established on an upward curve. Optimism is rising in anticipation of more to come.'
Bira says 56 per cent of members taking part in the sales monitor for the first quarter of 2014 reported higher sales than in the same period in 2013.
The body represents about 7,000 members across the
The number of independent retailers in
Weedon says: 'It is not a question with the economy of a rising tide floating all boats. It is still very tough for many. They all have to fight for their bit of turnover. The interesting thing is confidence is up in advance of the amount of business firms have. They are eternal incorrigible optimists.'
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