Theo urges the Chancellor to reform business rates

In an interview with Retail Week, Theo said: We must build on all the support the government has given to businesses over the pandemic. 

“The chancellor must recognise that if business rates, or, as I call it, the business destroyer, returns, it will have a catastrophic effect on physical retail and it will be goodnight Vienna. 

“Where there is a realignment in costs in this area, then there is a positive future for stores. Readdressing business rates has the power to help build retail up again or indeed destroy it.”

Please see here for the full article: https://www.retail-week.com/stores/paphitis-warns-its-goodnight-vienna-for-physical-retail-without-rates-reform/7037052.article?authent=1