The retail industry is a driving force in our economy. Industry competition underpins consumer confidence, creates wider choice, increases quality and ensures transparency.

If the UK is to remain one of the best places in the world to do business it is vital that governments ensure that competition flourishes.

For retailers, and for us, the priorities are clear: a proportionate and effective regulation and enforcement environment co-developed with business; a fair and competitive business tax regime supporting investment and certainty; a level playing field in Europe and strong international trade. We play a vital role in building trust between consumers and retailers by shaping issues and developing guidance and principles that relate to delivering on these priorities.