Oldjohnw wrote:Tesco, in effect, used business rate cancellation to pay its dividend, which rankles.
Rankles with me to, particularly as they're still open and trading. That's what you get with blanket policies, could be argued they were rushed in, but they could have just stopped collecting and thought the policy through.
The Welsh Assembly have said they're not including any commercial property valued over £500,000 and pledged the saving will be used as grants for smaller businesses. Debenhams are squealing about it and saying if it isn't reversed they won't be re-opening any stores in Wales, I'd be surprised if that didn't end up in court at some point.
meanwhile, Rees-Mogg's investment company* has apparently said opportunities to make money like this only come along once in a lifetime. The rich will do well, they always do.
*OK - He's no longer a director but still owns 15% with a value over £100 million.