Bosses from 18 retailers have called on chancellor Rishi Sunak to permanently cut business rates in a bid to save the high street.
A letter signed by the bosses of retailers including Tesco, Asda, Morrisons, Waterstones and B&Q-owner Kingfisher has demanded a “fundamental reform of business rates”, calling on the chancellor to “back British shops”.
The letter warned that a failure by the Treasury to safeguard the high street could lead to greater job losses and slow the sector’s recovery.
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