The Chancellor has reportedly ruled out a possible ‘warehouse tax’ in his rapidly approaching first Budget.
Retail bosses fear John Healey will levy increased taxes on warehouse space in a bid to raise much needed funds to fulfil Labour’s pledges elsewhere.
They warned it could heap further pain on the already struggling sector and finish off some High Street shops and family businesses.
New business rates on large warehouses have already come into force this year. Labour increased costs for larger properties with a rateable value above £500,000 in April.
In today’s Daily Mail, Stuart Machin, the chief executive of Marks & Spencer, described
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