Sainsbury's to hand back £440m of business rates relief

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It follows supermarket rivals Morrisons and Tesco, which gave back £850m between them on Wednesday.

Sainsbury's has said it will hand back about £440m of business rates relief it received as support in the pandemic.

Supermarkets, whose sales have boomed in the pandemic, have been criticised for taking government support while paying dividends to shareholders. "With regional restrictions likely to remain in place for some time, we believe it is now fair and right to forgo the business rates relief that we have been given on all Sainsbury's stores.

But MPs have criticised supermarkets, who have remained open throughout, for taking around £1.9bn in help while paying dividends to shareholders, calling it an "absolute scandal".

 

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They should be ashamed of themselves that they only felt pressured to do so after Tesco did.

Every little helps!

Amazon can you share any of your massive profits or JeffBezos still lining his own pockets...hmtreasury any desire or drive to reclaim cash, assume no political drive?

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