In a powerful intervention, the chairman of retail giant Asda has called on Chancellor Rachel Reeves to abolish the controversial business rates system, branding it an "absolute tax on business" that ultimately hurts struggling British families.
Stuart Rose, the seasoned retail boss and former Marks & Spencer chief, issued the direct plea, arguing that scrapping the levy is the single most effective measure the government could take to help supermarkets cut prices for shoppers.
The High Street's Biggest Burden
Lord Rose highlighted the crippling financial burden business rates place on physical retailers, a cost that their online competitors largely avoid. He emphasised that this tax is not absorbed by the company but is "a cost that is passed through to the consumer."
His comments underscore a long-standing grievance within the retail sector, which argues the current system unfairly punishes brick-and-mortar stores, hindering their ability to invest and compete.
A Direct Plea to the Chancellor
The call for reform was made directly to the new Labour Chancellor. Lord Rose stated, "The one thing I would say to Rachel Reeves, if I had one ask… I would say for God's sake, just get rid of business rates. It is an absolute tax on business."
He positioned this reform not as a plea for corporate welfare but as a direct benefit for the public, asserting that its removal would allow for immediate price reductions on essential goods.
Beyond the Supermarket Aisle
The Asda chairman's appeal extends beyond his own company. He warned that the future of the Great British High Street is at stake, with many beloved brands and local shops struggling to survive under the weight of the tax.
This challenge from a leading business figure places significant pressure on the new government to address fundamental tax reform, balancing fiscal responsibility with promises to stimulate economic growth and support household finances.
