Dec 3, 2018

Mike Ashley calls for online tax to save the High Street

Mike Ashley has called for a new tax on revenues from online retailing to help revive ailing town centres. Mr Ashley said a tax would hit his own £400m online operation, but give retailers a reason to keep stores open. All parties, including landlords and the government bodies responsible for setting business rates, had to play a part in helping to save the High Street, he argued. Many such stores were stuck with "Prehistoric rents" set before the rise of online shopping, Mr Ashley said. Mr Ashley has vowed to make the chain the "Harrods of the High Street" and take it more upmarket.

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