Next boss calls for business rates reform as Sunak delays government review

Lord Wolfson index image

Next boss Lord Wolfson has called for business rates on high street stores to be slashed by a third to stem the tide of store closures.

Wolfson suggested the level of tax being paid by shops is “unfair” and proposed a 50% hike in the business rates bills of warehouses to “fairly reflect the value” of commercial properties in the digital age.

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