18 March 2020
J Sainsbury plc
Business Rates
J Sainsbury plc notes yesterday's statement from the Chancellor of the Exchequer, in which it was stated that the government will be "giving all retail, hospitality and leisure businesses in England a 100% business rates holiday for the next 12 months". We welcome the support for these businesses and we are awaiting further clarification on the details of this change. J Sainsbury plc paid UK business rates of £567m in the financial year to 9 March 2019, of which c.£500m related to stores.
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