Co-op backs controversial Labour business rates raid on supermarkets
C-store specialist the Co-op has backed the controversial government plans to increase business rates for supermarkets and department stores, saying it will “support local shops”.
A spokesman for the Co-op told Retail Week that it supported the widely trialled plans by chancellor Rachel Reeves to overhaul business rates at the autumn Budget by introducing a surcharge on large retail premises to raise £1.7bn to reduce rates for smaller stores.
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