Retail bosses and landlords have demanded a cut to business rates as fears grow that the tax is wrecking the recovery on the high street, The Telegraph has reported.
In a letter to Rishi Sunak, the Chancellor, 21 business figures from companies including MossBros and The Entertainer said that action is vital to prevent a disaster.
Mr Sunak is expected to announce the delayed results of a review of the rates system in autumn, with speculation growing that it could be unveiled in his Budget later this month.
The property tax has long been derided as an outdated measure that penalises bricks and mortar stores at the expense of online rivals which have warehouses in cheaper out of town locations.
To read the full story on The Telegraph please click here (subscription required).
