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City A.M.United Kingdom

Tesco urges Healey to slash ‘fundamentally unfair’ business rates

The boss of Tesco has urged John Healey to reform the “fundamentally unfair” business rates system and avoid a so-called warehouse tax. Ken Murphy, chief executive of the UK’s biggest grocer, has become the latest retail industry figure to urge the Chancellor to cut taxes on high street businesses, as Andy Burnham pledges a revival of the country’s town centres. The Prime Minister has reportedly been considering hiking the highest business rates multiplier to pay…

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