High Street
Retail industry is overtaxed, says BRC
The UK has lost 6,000 shops in the last five years: in two-thirds of these closures, business rates had a material impact in the decision-making process
The British Retail Consortium (BRC) has claimed that the retail industry is overtaxed compared with other sectors of the economy after new research found retail pays 7.4% of all business taxes (£33bn), a share 1.5 times greater than its share of the overall economy (5% GDP).
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