Frasers CFO: Business rates hike could scupper future store opening plans
Frasers are still “working hard to mitigate the £50m-plus” of extra costs from last year’s Budget, but its CFO is expecting more pain to come in the autumn.
Speaking to Retail Week, Frasers Group chief financial officer Chris Wootton pulled no punches when discussing the current government and news that chancellor Rachel Reeves was going to implement a business rates surcharge on large retail premises to offset increases on smaller businesses.
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