Over 17,000 high street shops could shut over the next decade due to business rates, BRC warns
The retail sector is overtaxed compared to other sectors of the economy in the UK putting over 17,000 high street shops under threat over the next decade, new research by the British Retail Consortium (BRC) has revealed.
Retail pays 7.4% of all business taxes amounting to £33bn, a share 1.5 times greater than its share of the overall economy (5% GDP).
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