UK retailers demand business rate cuts to save high street stores

Marks & Spencer and other chains say tax changes needed to
save jobs and communities

More than 50 major UK retailers, including Marks &
Spencer
, Harrods and
Iceland,
have demanded tax cuts from the government to safeguard the future
of the high street amid intense pressure from online rivals.

In a letter to the chancellor, Sajid Javid,
the bosses of some of the nation’s biggest retail chains called
for an urgent reform of the business rates system, which taxes
companies based on the buildings they occupy.

Source: FS – All-News2-Economy
UK retailers demand business rate cuts to save high street stores