more savings for MRW18 Mar 2020 09:52
We note the UK Government's announcement yesterday "giving all retail, hospitality and leisure businesses in England a 100% business rates holiday for the next 12 months". We are currently awaiting further details regarding the implementation of this policy and are assessing its potential impact. Morrisons paid business rates in the UK of £308m for our 2019/20 financial year, of which c.£290m related to stores.