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Sainsbury's executive: Business rate system 'outmoded'

There should be a new business rate system for shops based on energy use, the retailing body the British Retail Consortium (BRC) has said.

John Rogers, chief financial officer at Sainsbury's, has told BBC Radio 4's Today programme that the current system is "outmoded" and "not fit for purpose".

He added that retailers pay a "disproportionate amount of tax", as the sector accounts for "about 5% of UK economy" but actually pays "about 10% of business taxes".

First broadcast on BBC Radio 4's Today programme on Tuesday 18 February.

  • 18 Feb 2014