Sunday, 15 November 2020

Supermarkets like Sainsbury's have been Covid's winners, as consumers have migrated to online shops and services

Supermarkets claiming government discount return more than 1Bi to their shareholders






Supermarkets are under increasing pressure to return almost £1.9 billion after generating outrage by rewarding shareholders with hundreds of millions of pounds in payments while claiming a huge government discount.

The big four - Tesco, Sainsbury's, Asda and Morrisons - and the discount companies Aldi and Lidl will collectively save the huge sum due to the 12-month Treasury holiday on business rates, according to the consultancy Altus.

Source: The Times


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