As total voluntary payments to Treasury near £2bn, calls grow for help for hospitality trade

Lidl and Pets at Home are returning more than £130m of emergency taxpayer support after a dramatic U-turn by Tesco, the UK’s biggest retailer, triggered a domino effect that will result in close to £2bn in business rates voluntarily being paid to the Treasury.

Eight major high street names, including the country’s six biggest food retailers Tesco, Sainsbury’s, Asda, Morrisons, Aldi and Lidl, have all pledged to pay their business rates bills for this year.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Russia-Ukraine war live: Kremlin trying to quell dissent from soldiers’ wives with money and online attacks, says UK

UK says move by Russia comes after a number of soldiers’ wives…

Scientists convert used plastic bottles into vanilla flavouring

Production of chemical could help make recycling more attractive and tackle global…

July could be ‘lull before the storm’ for retailers and consumers

Cost of living crisis and rising inflation predicted to hit consumer confidence…