Business rates system ‘no longer fit for purpose’ says Sainsbury’s boss
The boss of Sainsbury’s has said the business rates tax system is “no longer fit for purpose” and warned that current planned increases will lead to thousands of high street closures and job losses. The UK’s second-largest supermarket chain also backed calls for a 20% cut in business rates for retail companies. Business rates are the property tax system for businesses, affecting sectors including retail, hospitality and leisure. Labour has […]
