Business rates killing high street shops

“Leading retailers called for a major overhaul of business rates yesterday after Next suffered a sharp slump in store sales in the run up to Christmas.

With pressure mounting on ministers to reform the outdated tax, fashion chain Next said sales in its 500-plus stores fell 9.2 per cent over the crucial festive period.

In a clear sign of how shopping habits have shifted, the company said online sales soared 15.2 per cent in the same period, meaning overall revenues were up. …”

https://www.dailymail.co.uk/news/article-6556311/Retailers-demand-major-overhaul-business-rates-Christmas-sales-slump-9-2-cent.html

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