4 months British retailers call for business rates freeze MB |Biz
By Reuters LONDON – More than 50 British retailers, including Sainsbury’s (SBRY.L), Marks & Spencer (MKS.L), Asda (WMT.N) and Morrisons (MRW.L) have urged the government to freeze business rates to help out the struggling sector. A woman carries shopping in a plastic bag, in London, Britain December 27, 2018.(REUTERS / Henry Nicholls / MANILA BULLETIN) In a letter to the new finance minister Sajid Javid, published on Tuesday, the retailers called on the government to take action to “fix the broken business rates system”. Business rates are taxes to help pay for local services, charged on most commercial properties, including ... more