AN "overwhelming" 88 per cent of retailers want the government to bring forward legislation to tackle upward only rent reviews (UORRs), according to a survey published by the British Retail Consortium (BRC).

Some 54 per cent of retailers responding to the survey believe there will be fewer stores closures following a ban on UORRs.

And 71 per cent believe that a ban would improve flexibility and choice in the commercial property market while 80 per cent feel a ban would help them respond better to market conditions.

BRC director general Kevin Hawkins said: "The government asked for views on the options proposed and this survey provides the evidence.

"There is now no doubt that upward only rent reviews are damaging profitability and contributing to store closures.

"Commercial tenants are clearly struggling and this lack of flexibility and choice in the property market is undermining the competitive edge of the UK economy.

"Flexibility and choice in the commercial property market is essential for retailers who need to be able to adapt quickly to the ever changing needs of consumers and the fast pace of the industry.

"Sadly, only 22 per cent of retailers have been able to obtain leases that meet their operational needs - for smaller retailers this is even lower.

"Our survey confirms retailers' concerns that a voluntary approach simply isn't working. We urge government to legislate as soon as possible. Doing nothing isn't an option."