Analysis: Tesco’s rate repayment likely to trigger domino effect
Tesco’s decision to repay its business rates relief in full will almost certainly lead to a chain reaction of others following suit. But while other dominoes look set to fall, many in the industry are questioning Tesco’s true motives.
As part of the announcement from Tesco this morning that it would be repaying in full the £585m in business rates relief it had received this year, new chief executive Ken Murphy was quoted as saying it was “absolutely the right thing to do”.
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