Why the rates revaluation hit retail, and the need for reform

To help save the high street, the government must not turn a deaf ear to business rates reform, argues John Webber head of business rates at Colliers International.

The destruction of the high street across the UK is now becoming a reality. Barely a day goes by without some bad news – first the pain was experienced by the independent retailers, then the bigger chains and later the casual dining market.

Colliers has calculated that 23 sizeable retail/restaurant chains (of 10 stores or more) have gone into CVA or administration since the beginning of