Home Breaking News Supermarkets repay billions in business rates relief

Supermarkets repay billions in business rates relief

by LLB Editor
3rd Dec 20 10:59 am

UK supermarkets giant have paid back millions in rate relief in light of the coronavirus crisis.

Here’s how much is being paid:

  • Tesco: £585m
  • Sainsbury: £440m (£410m this year, £30m in 2021-22)
  • Morrisons: £274m
  • Aldi: more than £100m

Giles Hurley, Chief Executive Officer at Aldi UK, says: “Thanks to our amazing colleagues, we have been able to remain open during lockdowns and despite the increased costs we have incurred during the pandemic, we believe returning the full value of our business rates relief is the right decision to help support the nation.

Our continued investment for our colleagues and our customers will remain unchanged.”

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