Mary Portas said the controversial revaluation would be the worst blow to shops since the 2008 crash
The retail expert, once hired by David Cameron to find a way of saving Britain's high streets, branded the looming hike "madness" and urged Prime Minister Theresa May to scrap the system completely.
She said the controversial revaluation would be the worst blow to shops since the 2008 crash.
Portas has added her voice to a growing number of business figures speaking out in protest at the plans.
Swift action is needed if they are to thrive as beating hearts of their local communities
She said businesses risked being "destroyed" by increases in their bills of up to 245%.
She said: "In 2011 I was commissioned by the government to look at how we could save our high streets.
"Six years on and we were really making progress.
She was once hired by David Cameron to save Britain's high streets
"So it's strange to watch our leaders preparing to impose a new business rates revaluation that will cripple high street shops.
"The tax bill, which will hit retailers from April, will be the single biggest blow to independent shops since the financial crisis.
"I would estimate that at least a third of them will die off."
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British high streets in crisis
Tue, January 10, 2017
As the Post Office announces store closures across the country. We take a look at the retail giants who have closed high street stores in the last year.
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Retail giants who have closed high street stores in the last year
Businesses risk being "destroyed" by the increase, says Portas
The Government has said the rates, which are calculated on the rental value of commercial property, will decrease for many businesses due to a fall in property values.
Portas warned that a punitive rise will lead to the return of "clone towns" in which "the only 'mix' will be of charity shops, bookies and Costa".
She said: "I am calling on [Communities Secretary] Sajid Javid, [Business Secretary] Greg Clark, and Theresa May to stop this madness before it destroys everything we've been fighting for."
Portas urged Prime Minister Theresa May to scrap the system completely
Brigid Simmonds, head of the British Beer & Pub Association, said a proposed cap on business rates for pubs should be lowered.
"They are, to use the Prime Minister's words, 'just about managing'," she said in a letter to The Times.
"Swift action is needed if they are to thrive as beating hearts of their local communities."