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Retailers

Retail industry is overtaxed, says BRC

The UK has lost 6,000 shops in the last five years: in two-thirds of these closures, business rates had a material impact in the decision-making process

The British Retail Consortium (BRC) has claimed that the retail industry is overtaxed compared with other sectors of the economy after new research found retail pays 7.4% of all business taxes (ยฃ33bn), a share 1.5 times greater than its share of the overall economy (5% GDP).

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