Alex Baldock: ‘Raise rates for warehouses to save the high street’

Alex Baldock - Hi Res-1105

We’re now only weeks away from the end of the government’s business rates holiday. I’m sure many of us are grateful for a decisive and vital measure that, for some retailers, has made the difference between surviving the pandemic and not.

Nevertheless, we now need clarity on what lies beyond. Retail matters to the UK: 3 million jobs and £17bn of tax are at stake. 

We’re the UK’s biggest private-sector employer and can be a powerful engine of the post-crisis recovery. But it’s not sustainable for retail to be 5% of the economy while shouldering 10% of all business taxation. We’re not looking for handouts – just fair treatment.

Of course, we can’t be blind to the government’s daunting and urgent challenge to get post-crisis public finances to add up. So whatever fairer taxation we propose must be affordable and easy to implement.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.