High Streets Struggle Under Rising Taxes | Business and Finance News

Frasers Group’s Michael Murray is sounding the alarm on soaring business rates, warning they’re crippling high street retailers—especially as tax bills rise after store upgrades. With wages and National Insurance climbing, Murray argues the current system makes it nearly impossible for physical stores to compete, especially against online giants. He’s also skeptical of proposed tax breaks for pubs and venues, pointing out Frasers’ massive warehouse footprint would end up paying more. While he insists Frasers remains committed to brick-and-mortar—with new, bigger Sports Direct stores and even rumored interest in Harvey Nichols—he’s also adapting to rising shoplifting by redesigning stores for security over appeal. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/18ad6adfdcb8bd8b