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Grimsey proposes High St tax for major chains

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James Graham
James Graham
Deputy Editor, North West

MAJOR retail and leisure chains should "put something back into the High Street" through a one off levy, according to campaigner Bill Grimsey. The former chief executive of Iceland and Wickes has recommended in his alternative High Street review that national chains should invest 0.25% of one year’s UK sales from 2014 into a local economic development fund to help sponsor start ups and new ventures. He believes this would create a fighting fund of around £550m compared to £20m he says the Government has spent... for the full story register now for free or login below...

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