A new package of support will help high street businesses “get back on their feet” following the coronavirus lockdown, the Government has said.
Businesses in the retail, hospitality and leisure sector are expected to save around £10 billion this tax year through business rates relief, official figures have revealed.
High street businesses have been given a new lifeline after the business rates Retail Discount extension was reintroduced to Parliament this week.
According to the latest data from the British Retail Consortium (BRC), there were around 85,000 job losses in the retail sector in the past year.
According to the latest industry research, around 16 shops are closing every single day on UK high streets as retailers look to restructure their businesses and adapt to increased levels of online shopping.