Pets at Home and B&M join supermarkets in repaying business rate relief

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PETS at Home and B&M have joined supermarkets in repaying business rates relief worth £28.9million and £80million respectively. Yesterday, Asda, Aldi, Sainsbury’s and Morrisons said they&…

PETS at Home and B&M have joined supermarkets in repaying business rates relief worth £28.9million and £80million respectively.saved from the government's business rates holiday.B&M is handing back £80million it saved thanks to the government's business rates holidayit saved thanks to the support to help struggling retailers through the pandemic.

He added that the supermarket didn't need the savings due to remaining open and trading strongly throughout theMorrisons was then first to follow its rival's move, with chief executive David Potts saying the supermarket was "grateful for the government's swift action at the start of the pandemic". Giles Hurley, Aldi's chief executive, said: "Thanks to our amazing colleagues, we have been able to remain open during lockdowns.

He said: "Almost half our customers are telling us they expect their financial position to worsen in the next 12 months and we recognise that there are other industries and businesses for whom the effects of Covid-19 will be much more long lasting and whose survival is essential to thousands of jobs."

The decisions have led to calls for other supermarkets and essential retailers to make similar commitments.

 

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