Share Prices & Company Research

Market News

15 Sep 2020 | 09:33

MPs urge government to take action against throwaway fast-fashion

(Sharecast News) - Members or parliament are urging the government to take urgent action against throwaway fast-fashion and support the development of sustainable fabrics and recycling facilities for clothes. In a report from the all-party parliamentary group (APPG) for ethics and sustainability in fashion, MPs said that the sector was hit by the pandemic and warned "supply chains have broken, sales have dropped, unsold stock has built up, retail outlets have closed and companies have gone out of business. Consumer habits have shifted and so have attitudes - the public wants to see change."

"Coronavirus has exposed deep inequalities and unsustainability in the garment industry" said Catherine West, chair of the APPG and Labour MP for Hornsey and Wood Green.

"Creating a sustainable and ethical future for the fashion industry is an important but complex challenge for government, industry and the public and what is clear is that there is an appetite for this on all sides. We must seize this moment by pushing the government to be a global leader, helping to build a more sustainable and ethical fashion industry."

According to research carried out by the environmental charity Hubbub which was included in the report, 65% of UK residents agree that the government should urgently do more to reduce the negative impact of the fashion industry on the environment.

As part of the initiative, MPs are also calling for a review of VAT rules which currently make it more cost-effective for companies to destroy unwanted clothing than give it away. In 2019, roughly £140m worth of clothing was sent to a landfill in the UK.
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 15th January 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.