John Lewis boss issues dire 'warehouse tax’ warning to Labour ahead of Budget

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The chairman of John Lewis has issued a dire "warehouse tax" warning to Labour ahead of this month's Budget.Shortly before becoming Prime Minister, Andy Burnham suggested an increase in business rates for warehouses and out-of-town retail developments could pay for tax breaks for high street shops.Separately, the IPPR think tank proposed earlier this week a £1.5billion raid on online retailers, including Amazon, to support bricks-and-mortar businesses.Supporters of a warehouse tax argue it would rebalance competition between high street shops, which pay high business rates, and online retailers operating on cheaper land.

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TRENDING Stories Videos Your Say But, writing in the Telegraph, John Lewis boss Jason Tarry argued the proposals were based on "a fundamental misunderstanding of how modern high streets work".Mr Tarry described the UK's John Lewis stores and hundreds of Waitrose branches as "vital anchor tenants"."They generate the primary footfall that sustains surrounding...

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