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We don’t want handouts - we just want fairness.Use Speedtest® for a quick, easy, one-tap connection internet speed test-accurate anywhere thanks to our global server network.Įxplore mobile network coverage with Speedtest Maps based on real-world data gathered by the Speedtest app. Frankly it’s daylight robbery.Īs we look ahead to this week’s fiscal update, all we ask from Government is a fair shot, and that means reducing the rates multiplier back to its original 1990 level from over 50p in the pound down to 35p in the pound. It’s why the total tax rate for retailers is around 70 per cent and why it pays 25 per cent of all business rates despite being 5 per cent of the economy.Īnd it’s why high streets and city centres are increasingly full of vacancies and dodgy shops rates have gone up by the same amount as retail property values have gone down. I’m committed to having great shops, and while others go online – or go bust – we are investing heavily in stores as core to our omnichannel offer.īut running a shop costs a lot more than running an online business, and a large part of that is down to business rates which have zero link to profits or, indeed, reality.

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