Dune Founder Criticizes Labour's Retail Policy
Update: 2025-11-29
Description
Dune founder Daniel Rubin criticizes Rachel Reeves cost-cutting plan, arguing it harms struggling businesses. Rubin, who started Dune in 1992, believes the recent budget is not beneficial for retail and growth. He points out that the late budget timing and policy leaks damaged business confidence. Rubin calls for a complete overhaul of the business rates system, noting retailers pay 75% of rates but occupy only 25% of properties. He warns that constant uncertainty about government actions deters investment and makes it difficult to justify opening new stores on struggling High Streets.
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