McColl’s to hang on to rates rebate as Covid costs outweigh savings
C-store retailer McColl’s is set to keep the business rates rebate it was given by the government in March as its chief executive says Covid-related costs have since outstripped the money saved.
Chief executive Jonathan Miller said the c-store group would not be following the lead of other essential retailers and handing back potentially millions of pounds in business rates relief.
Explaining his decision, Miller said that costs relating to the coronavirus pandemic had since outstripped the savings from the government decision in March.
“We were very grateful to the government for the support, which was crucial to help us through this period,” he said.
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