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UK supermarkets ask chancellor for exclusion from business rates surtax
Yahoo Finance· 2025-10-27 18:05
Several of the UK’s largest supermarket operators have written to Chancellor Rachel Reeves requesting that large food retailers be exempted from a proposed business rates surtax. Aldi, Asda, Lidl, Morrisons, Marks & Spencer, Sainsbury’s, Tesco and Lidl all signed the letter organised by the trade body the British Retail Consortium (BRC). The letter argues that including supermarkets in the surtax on properties with a rateable value above £500,000 ($6,66,220) would add to the sector’s costs and risk passi ...