Cable warns of crisis on High Streets

Responding to the news that House of Fraser went into administration before being bought out by Sports Direct, Liberal Democrat leader Vince Cable said:

ā€œThis is yet another example of the crisis in our high streets. There are many factors that appear to have contributed to this administration, some of which we can do little about.

ā€œBut one factor is online competition - and we must create a level playing field between the high street and the big tech retailers. This means scrapping business rates - a motion that will be put to the Liberal Democrat conference next month - and making sure big tech starts paying its fair share in taxation."

High Street Crisis

Bradford Lib Dems Regeneration Spokesperson Brendan Stubbs (Lib Dem Eccleshill) said "What needs to happen is more non-retail activity needs to take place to draw people in. Amazon and the like cannot offer cultural events, funfairs or a good day out at the on-line checkout. In Bradford we also need to face up to the fact that some of the buildings that are beyond economic repair need to be demolished to make way for housing. Putting people back into our city will help the retailers too."

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