Some of Britain’s largest shops, including supermarkets and department stores, are at risk of closure if the government proceeds with plans to include them in a higher business rates tax band, industry leaders have warned.
The British Retail Consortium (BRC) said its latest analysis suggested that 400 large-format stores could be at risk of shutting down, should they be subjected to the proposed business rates surtax on premises with a rateable value over £500,000.
