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Editor's Comment: High street needs government help, not CVAs


I totally disagree. Last time I heard we live in a free market economy. If new technology comes along that makes the existing way of doing things untenable, then the existing way of doing things needs to change. The fact is that inflexible lease contracts no longer reflect the value of a property in the new paradigm. Landlords of course want to live in the past, but they need to take the hit and accept that the physical store is getting a smaller share of wallet, hence the value of the physical store has fallen. Taxpayers money should not be spent rescuing private investors. Where the government could change policy is in scrapping the business rates system and introducing a sales tax, regardless of whether sales are made online or offline. The playing field needs to be levelled.

Posted date

18 May 2018

Posted time

8:19 pm