Pets at Home joins supermarkets and B&M in opting not to repay rates relief despite staying open during Covid crisis
Here’s another name to add to the list of retailers who will keep their relief on business rates – thanks very much, dear chancellor – even though their stores were open during lockdown.
It’s Pets at Home, which joins all the big supermarket chains and discount merchant B&M in the brazen bracket. There were mitigating factors in Pets at Home’s case – for example, it stopped the sale of pets for a while to discourage outings to its “free zoos” – but a 5% rise in half-year revenues says help from the public purse wasn’t necessary.
When the finance industry gets into trouble, it pleads that it is funding ordinary people’s retirements. It isn’t true
Pensioners are a useful defence in the City’s fight to preserve its privileges. Unwittingly they are wheeled out as human shields by the finance industry, and increasingly major corporations, to serve and protect probably the most powerful interests in the UK.
The over-65s – or in many cases the over-55s, given the extent of early retirement – function as a high wall against accusations of tax avoidance, financial plundering and executive enrichment, because the world’s pension funds are benefiting.