Sports Direct owner Mike Ashley warns of possible shop closures

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Mike Ashley’s Frasers Group says new business rates measures are “near worthless” for large retailers. …

The group suggested that many retailers would have expected further rates relief “until structural reform is implemented”, adding that firms “should pay the fair amount of rates in line with realistic rateable values, but instead we continue to have an unwieldy, overly complex, and out of date business rates regime”.

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