{"id":5046,"date":"2018-12-03T19:14:37","date_gmt":"2018-12-03T19:14:37","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/mike-ashley-calls-for-online-tax-to-save-the-high-street\/"},"modified":"2018-12-03T19:14:37","modified_gmt":"2018-12-03T19:14:37","slug":"mike-ashley-calls-for-online-tax-to-save-the-high-street","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/mike-ashley-calls-for-online-tax-to-save-the-high-street\/","title":{"rendered":"Mike Ashley calls for online tax to save the High Street"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Mike Ashley\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/11DEF\/production\/_104599137_capture.jpg\" width=\"976\" height=\"549\"\/><\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Mike Ashley has called for a new tax on online retailers to help revive ailing town centres.<\/p>\n<p>The Sports Direct owner told MPs that the &#8220;internet is killing the High Street&#8221;.<\/p>\n<p>His answer is taxing all retailers that make more than 20% of their turnover online &#8211; and not just online-only operators.<\/p>\n<p>Mr Ashley said a tax would hit his own \u00a3400m online operation, but give retailers a reason to keep stores open.<\/p>\n<p>&#8220;I want to make it crystal clear: the mainstream High Street as we think about it today &#8211; not the Oxford Streets and the Westfields &#8211; are already dead. They can&#8217;t survive,&#8221; he told the Housing and Local Government Committee.<\/p>\n<p>&#8220;We have to realise the High Street won&#8217;t make 2030 &#8211; it&#8217;s not going to be there unless you do something really radical and grab the bulls by the horns. It won&#8217;t be there.&#8221;<\/p>\n<p>All parties, including landlords and the government bodies responsible for setting business rates, had to play a part in helping to save the High Street, Mr Ashley told the MPs.<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-35863847\" class=\"story-body__link\">Who is Mike Ashley?<\/a><\/li>\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46074109\" class=\"story-body__link\">Mike Ashley&#8217;s high street plan<\/a><\/li>\n<\/ul>\n<p>Melanie Leech, chief executive of the British Property Federation, said taxing online retail revenues was not an alternative to &#8220;urgent support in the form of fundamental business rates reform&#8221;.<\/p>\n<p>Revo, which represents landlords, retailers and local authorities in the retail property sector, said it had been calling for a fairer tax system.<\/p>\n<p>Ed Cooke, Revo chief executive, said: &#8220;It is hard to disagree with Mike Ashley&#8217;s comments that a massive electric shock is needed to revive high streets that are flatlining.&#8221;<\/p>\n<figure class=\"media-landscape no-caption full-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                 <span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p>Earlier this year, Sports Direct <a href=\"https:\/\/www.bbc.co.uk\/news\/business-45140874\" class=\"story-body__link\">bought House of Fraser for \u00a390m<\/a> after the department store chain collapsed into administration.<\/p>\n<p>Many such stores were stuck with &#8220;prehistoric rents&#8221; set before the rise of online shopping, Mr Ashley said. That meant landlords &#8220;have to take their share of the pain&#8221;, he argued.<\/p>\n<p>In combative exchanges with MPs, the &#8220;tracksuit tycoon&#8221; said some buildings now had more value for purposes other than retailing. <\/p>\n<p>However, most landlords wanted to &#8220;sit down and work something out&#8221;, Mr Ashley said, adding: &#8220;I&#8217;m not Father Christmas &#8211; I try and be fair and I try and be balanced&#8221;.<\/p>\n<p>Given the obstacles facing the retail sector, managing to keep 80% of House of Fraser stores open would be a &#8220;god-like performance&#8221;, he said.<\/p>\n<p>That meant he could not guarantee all House of Fraser workers would keep their jobs. &#8220;It doesn&#8217;t make sense&#8230; the High Street has to change what it offers the consumers.&#8221;  <\/p>\n<p>Mr Ashley has vowed to make the chain the &#8220;Harrods of the High Street&#8221; and take it more upmarket. <\/p>\n<p>He also hinted a long-suggested tie-up between Debenhams, in which Sports Direct has a 29.7% stake, and House of Fraser could still be on the cards: &#8220;I told them to work together. They should work together.&#8221;<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46427918\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mike Ashley has called for a new tax on online retailers to help revive ailing town centres. The Sports Direct owner told MPs that the &#8220;internet is killing the High Street&#8221;. His answer is taxing all retailers that make more than 20% of their turnover online &#8211; and not just online-only operators. Mr Ashley said &hellip; <\/p>\n","protected":false},"author":0,"featured_media":5047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=5046"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/5047"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=5046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=5046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=5046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}