The boss of HMV has called on Chancellor Rachel Reeves to reform business rates in the Autumn Budget. (Photo by Leon Neal/Getty Images)

Chancellor Rachel Reeves has been urged to reform business rates in the Autumn Budget by the boss of HMV.

Phil Halliday, in an up-coming episode of City AM ‘s Boardroom Uncovered show, said the current system should be altered to make it fairer for UK retailers.

The managing director added that businesses such as HMV are “unfairly taxed versus other sectors” and that business rates have “definitely been a contributory factor to lots of retailers leaving areas” of the UK.

The comments come after HMV announced it had suspended plans to open new UK stores in 2025 last November in the aftermath of Rachel Reeves’ first Budget.

The business had been p

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