Department Stores

Frasers Group warns of closures amid business rates cap

The group stated that the cap for businesses from July 2021 to March 2022, makes it a ‘near worthless’ support package for large retailers

Frasers Group has warned that the £2m business rates cap announced in the spring budget on 3 March 2021 will make it “nearly impossible” for the group to take on ex-Debenhams sites with the inherent jobs created.

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