UK retailers demand business rate cuts to save high street stores

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.
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