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Boss of B&Q owner warns Reeves against ‘unfair’ property tax raid
Yahoo Finance· 2025-09-23 12:44
Rachel Reeves, pictured at Glasswater Locks, is expected to implement widespread tax rises in her autumn Budget - Jonathan Brady/Reuters The boss of B&Q owner Kingfisher has warned Rachel Reeves that a looming property tax raid will unfairly impact high street stores. Thierry Garnier, the chief executive of Kingfisher, has hit out at the Chancellor’s planned overhaul of business rates over fears it will benefit online sellers at the expense of larger bricks and mortar retailers. He said that plans to ...