Tesco and Co-op bosses set out plans to save the high street
Dave Lewis and Steve Murrells have co-written an article setting out a “two-part shake-up” to business rates that they say will “save the high street”.
Writing in the Daily Mail, Tesco boss Lewis and Co-op chief executive Murrells called on the government to cut business rates for all retailers by 20% and introduce a 2% online sales levy on the sale of physical goods.
They said: “The first measure is a reduction in rates for retailers – benefiting every shop in the UK. The second would mean the growing online sector pays 2% of what they make from online purchases of goods, to contribute to local services.”
Lewis and Murrels said the measures would be “revenue-neutral, would stimulate investments in our communities and would upgrade the outdated rates system so that all retailers (online or bricks-and-mortar) are contributing a fair sum to local taxes”.
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