Business rates reform vital to high street survival, MPs told

摘要

The reform of business rates is essential to saving high streets, the country's top retailers have told MPs.The Housing, Communities and Local Government Committee also heard that a tax on internet traders was needed to level the playing field with their bricks and mortar counterparts.The head of public affairs at Marks & Spencer, Tony Ginty told the committee: 'The business rate system is not sustainable in the long-term - it is broken, it's a disincentive to investment. The system needs to be reformed, the problem is no-one can identify or agree what the nature of that reform would look like.'