Tesco and Morrisons to repay £850m of Covid business rates relief
Two of the UK’s biggest supermarkets have bowed to pressure and are repaying more than £850m in business rates relief they accepted from the UK government to help the supermarkets deal with the coronavirus pandemic.
In a surprise move, Tesco announced its decision to repay £585m on Wednesday morning. Morrisons followed suit, saying it would repay its £274m of financial support on Wednesday evening.
Read more at the Guardian.