Simon Wolfson suggests higher rates on warehouses and reduction on shops
The chief executive of Next has warned an online tax is not the answer to the high street crisis, and that business rates should be slashed on shops and hiked on online retail warehouses.
Rates, the commercial equivalent of council tax, on shops should fall by 35% while the bills for online fulfilment centres should be increased by 50%, said Simon Wolfson, who runs one of the UK’s most successful retail businesses.
