The Retail Jobs Alliance – an industry group comprising some of the highest profile retailers – warns that 300,000 jobs are at risk by 2028.
High street closures are accelerating, and the government’s proposed tax changes will only make things worse.
We’re calling for urgent reform of the business rates system to protect jobs, support bricks and mortar retail, and keep our high streets alive. Specifically, we urge the removal of shops from the £500,000 higher business rates multiplier which will impact over 4,000 physical stores across the country.
Together, we can secure the future of retail. Learn more and join our campaign today.
Regions like the North East are hit hardest, while shops face an unfair tax burden, paying 21% of business rates. 165,000 retail workers have already left the sector since 2019, and new budget measures could make things worse.
Use our postcode tool to explore economic projections on how retail employment could change if current trends were to continue. These projections are based on official ONS data. Enter your postcode to get started.