Theo Paphitis: Business rates ‘will kill the high street on its own’

Ryman’s chairman Theo Paphitis has backed Labour’s plans for business rates reform as he blasted the efforts made by the previous government.
Speaking at the 2025 Retail Technology Show, Paphitis said the current system “will kill the high street on its own at some stage”.
The former Dragon’s Den investor called for a level playing field across retail, saying “the previous government ignored the rise of online”.
“We must have been the only people o