McColl’s to hang on to rates rebate as Covid costs outweigh savings

McColls 2

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. 

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.