Cut rates to save high street, Currys says to new Chancellor Nadhim Zahawi

Currys hailed an ‘encouraging’ performance over the past year (Currys/PA)

(Picture: PA Media)

The new chancellor should make cutting business rates for retailers a top priority, said the boss of Currys today.

Alex Baldock said the high street was been overpaying for too long. “Retail can’t keep paying 10% of business taxation when we are 5% of the economy,” he said.