Come on now hand it back!

[Sid]

Supermarkets repay rates relief after backlash

Morrisons follows Tesco's lead, with both supermarkets announcing plans to hand back a total £850m.

www.bbc.co.uk

Good old Tesco, they didn't need the money lets just give it back and look our sh!t don't stink!

 

[capfits]

Yes agood move and one surely a number of other retailers may well do to follow.
Wonder if ASDA will do it for different reasons?
Now let us see who pays back their Business Bounce Back loans promptly..?

 

[caveman]

Now let us see who pays back their Business Bounce Back loans promptly..?

Why?
And what's having a loan got to do with paying back a grant?

 

[capfits]

Why?
And what's having a loan got to do with paying back a grant?

You have lost me. Who said anything about a grant?

 

[caveman]

You have lost me. Who said anything about a grant?

Isn't that what the thread is about?

 

[capfits]

Isn't that what the thread is about?

Nah.
Business Rates you will find if you took time to look at wee attached title.

 

[caveman]

Nah.
Business Rates you will find if you took time to look at wee attached title.

Which is a grant paid by Central Government.

 

[caveman]

COVID-19 support through the business rates system: how does the pattern of support vary across England? | Institute for Fiscal Studies

We analyse the schemes put in place to help otherwise viable businesses survive the coronavirus crisis.

www.ifs.org.uk

 

[neilo]

Whatever you/I might think of Tesco, I fail to see how anyone can find much negative in this announcement, even @delilah . Morrison’s have done the same, but what about the other big retailers?

Come to that, what about the farm shops that had a good time of it? Where does it stop?

 

[delilah]

Whatever you/I might think of Tesco, I fail to see how anyone can find much negative in this announcement, even @delilah . Morrison’s have done the same, but what about the other big retailers?

Come to that, what about the farm shops that had a good time of it? Where does it stop?

lol of course there's a huge amount of negative to be found in this. It is nothing but negative.

This is just a little "Thank you" from Tesco, to their lackeys in Govt, for giving them a clean sweep over the last 8 months. Tesco have made far, far more dosh than this returned cash, from being given carte blanche during corona to sell whatever they wished whilst independent retailers were instructed to lock the door.
Farm shops shut their gift shop corners. Tesco have kept selling their tut.
It's a brown envelope from the cartel, nothing more.

Anyone who wants to further understand the problem, and the solution, wade your way through this thread.
https://thefarmingforum.co.uk/index.php?threads/tescorona.313517/

 

[neilo]

Ok, I concede defeat. @delilah can indeed try to spin it as Tesco being the spawn of the devil.

The argument about them doing well during the lockdown periods is a different one. They magnanimously gave this money back (many other businesses that did well out of it haven't, as yet), even though there was no reason they had to, they had done nothing illegal.
Obviously it's all about PR, but still.

 

[serf]

Always amuses me how one supermarket tries to be holier than thou on these sort of things , then they all have to follow suit and out do each other at breakneck speed and are peeved they didnt do it first .

 

[delilah]

Obviously it's all about PR, but still.

If it was simply PR I wouldn't be fussed. It is more sinister than that.

It is Tesco sending a little reminder to Govt: "We run the country. We will get planning consent whenever and wherever we want. We will have access roads and motorway capacity built wherever we want. We will produce as much waste as we want. We will open whatever hours we want, selling whatever we want, pandemic or otherwise. We will pay back sweeteners should we choose "

Corona has confirmed that the cartel are 'too big to fail'. Any economy that allows private sector enterprise to become 'too big to fail' is in need of urgent structural reform.