Leading British retailers have called on the UK government to help their bottom line by cutting business rates by 20%. Over 70 retail CEOs wrote a letter pleading for the government to “level the playing field” for retail properties. The British Retail Consortium tells Personal Care Insights that it is essential to assist UK retailers since the region has been losing 1,000 shops a year. The council said without action, another 17,000 shops could close over the next decade. The so-called Retail Rates Corrector works to “stem this tide of shop closures and unlock new investment in jobs, shops and communities.”
