Don't cry to mother if rates freebie comes back to bite

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.

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Knight-Bagehot application for 21-22 is now open

The 2021-22 application for a Knight-Bagehot Fellowship at the Columbia University Graduate School of Journalism is now open. The deadline for completing the application, in its entirety, is Jan. 31, 2021. The Knight-Bagehot Fellowship...

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Bank of England policymaker warns of 'pandemic hangovers', as private sector shrinks – as it happened

Rolling coverage of the latest economic and financial news, as the UK Treasury Committee questions the Bank of England

Earlier:

7.04pm GMT

Time to wrap up.

MPs have heard that the UK economy risks a ‘pandemic hangover’, even once Covid-19 vaccines are deployed.

Obviously it’s better to have a vaccine than not, but those are hangovers from the pandemic even as and when there is an effective vaccine, which I suspect will weigh on the economy for some time.

Speaking personally, it felt like the first time in eight or nine months that there is some lights coming at the end of the tunnel.

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CoStar hires Crain’s Chicago copy chief Narcisse

Real estate news service CoStar has hired Crain’s Chicago Business copy chief Danielle Narcisse. Her first day was Monday. Narcisse has been at Crain’s Chicago since September 2006, first as a copy editor and then...

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