Cable warns of crisis on our 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:  “This 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.  “But 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.”