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News Retail | July 4th 2013

Retail giants stand up for small shops on high st

Alliance Boots, Tesco and Marks & Spencer were among retailers which again criticised the business rates system when they gave evidence to the Select Committee for the Department for Business, Innovation and Skills yesterday.

Speaking on the state of the high street, Sir Phillip Green, the proprietor of Topshop owner Arcadia called for a rates freeze and a “rates holiday” for small shop owners. Sir Philip, who was hired as a Government adviser in 2010, said that the Government should consider giving small businesses a rates holiday or allowing small shop owners who pay annual rates of between £20,000 and £50,000 to pay a nominal sum Read full article here

July 4th 2013 - by @CollectPlus