John Lewis has cautioned that an increase in business rates, expected in next month's Budget, could negatively impact the High Street and the broader economy.
John Lewis has issued a warning regarding a potential increase in business rates, ahead of next month's Budget. Peter Ruis, a representative for the company, stated that a hike in these rates would have a detrimental effect on the High Street and the wider economy.
The company also suggested that such Budget hikes could reduce employment opportunities for young people.
Why this matters: A hike in business rates could negatively impact the High Street and wider economy, potentially affecting youth employment opportunities.
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