Supermarket top brass are right: business rates need urgent reform

Tesco’s rates bill has risen by 80% in ten years, says Ken Murphy, Tesco’s chief executive, while sales in some stores are flat or lower.Tesco’s rates bill has risen by 80% in ten years, says Ken Murphy, Tesco’s chief executive, while sales in some stores are flat or lower.Last modified on Thu 3 Dec 2020 19.22 GMTmazing, isn’t it? All those supermarkets, it turns out, had been pondering a U-turn on business rates relief for simply ages.says it had been on the case “for some time”.

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B&Q and Screwfix joins supermarkets in repaying business rates reliefB&Q and Screwfix owner Kingfisher is the latest company to confirm it’ll repay millions of pounds in business rates relief. The retailer today said it’ll pay back the £130million it saved… So many often chose to bash the corporate sector hope they recognise many have made the right gesture repaying this public money
Source: TheSun - 🏆 64. / 61 Read more »