Secretary of state for business Greg Clark has admitted that business rates could be changed in order to help high street retailers. \r\n\r\nClark told a fringe event at the Conservative party conference that a change in business rates would be \u201cone way\u201d of recognising the role that high street retailers play. He said the Treasury is conducting a review of business rates, but his view is the high street "makes a big contribution to the community, and to villages, towns and cities". \r\n\r\n\r\n\u201cI think some recognition of that is required. Business rates will be one way of doing that," Clark added. \r\n\r\nThe British Retail Consortium (BRC) revealed that retailers will pay an additional \u00a32bn over the next three years compared to the last three years. In England, the retail industry contributes approximately \u00a37bn of rates annually \u2013 nearly one quarter of all receipts. \r\n\r\nThe BRC said that business rates are \u201cdeterring investment in local communities, causing shop closures and job losses in hard-pressed communities\u201d and preventing retailers from \u201cdelivering what their customers want in an efficient and cost-effective way\u201d.\r\n\r\nThe news follows the announcement made by chancellor Philip Hammond in August that a introduction of a tax on online businesses will be considered. Hammond said: \u201cWe want to ensure that taxation is fair between businesses doing business the traditional way and those doing business online."\r\n\r\nThe comments also come as the New West End Company is poised to lobby the government over a rates reduction of \u00a35bn for all properties across all sectors this week.