Tesco, B&Q and Waterstones join call for tax change to save thousands of retail jobs and shops

The leaders of household names including Tesco, B&Q and Waterstones have warned the chancellor that the business rates burden on shops is putting thousands of high street jobs at risk, and called for online retailers to pay their “fair share” of tax.

In a letter to Rishi Sunak before next month’s budget, the chief executives of 18 retail and property organisations, representing more than a million employees and tens of thousands of shops, say failing to overhaul the commercial equivalent of council tax will hamper the ability of high streets and town centres to recover from the pandemic.

Continue reading…

You May Also Like

Erst, Manchester: ‘One of the best meals of the year’ – restaurant review

The short menu at this unshowy restaurant means just one thing: we…

MARKET REPORT: Natwest given something to cheer after year of pain

It has been a long time coming for NatWest – but some…

Chelsea sale completed after Roman Abramovich agrees to government terms

Government satisfied no proceeds will go to Abramovich Consortium led by Todd…