Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Business rates plea as 44 shops close every week

Retail experts have urged the government to reform the business rates system as new research finds that 44 shops close every week in the UK.

Figures from ratings adviser Altus Group, published by This is Money, show that 44 shops a week have been demolished or converted into homes.

In the seven years since the last rates revaluation, 15,856 shops across England and Wales have shut.

In April 2010 there were 430,360 shops in the UK, but seven years later this dropped by 3.68% to 414,504.

Alex Probyn, president of UK business rates at Altus, told the publication: “An online sales tax might be used to level the playing field, but it does not belong within a system based largely on rental values. An online sales tax, for example, should not be seen as a generator of additional income, but revenue could be ring-fenced and used to provide additional relief for traditional bricks-and-mortar retailers.” 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.