Frasers boss warns business rates are stifling town centre investment

Frasers Group chief executive Michael Murray has warned that rising business rates are discouraging retailers from investing in high street stores.
Murray said retailers were effectively being penalised for refurbishing and improving their physical estates, as the investment could result in higher tax bills.
Speaking to The Telegraph during the opening of a new Sports Direct store in Dublin, Murray said Frasers spends tens of millions of pounds upgrading its shops, only to see the properties&rsq