Large Supermarkets Face Cost Pressures From Business Rates Changes - East Midlands Business Link

Large supermarkets face cost pressures from business rates changes - East Midlands Business Link

The UK government’s planned increase in business rates for high-value properties will put significant financial pressure on major supermarket chains. Stores with rateable values above £500,000 are most exposed, creating potential losses across large-format estates. Sainsbury’s and Tesco are expected to absorb the impact more easily due to previous strong profits, though multiple stores in […]

Large supermarkets face cost pressures from business rates changes - Business Link Magazine

The UK government’s planned increase in business rates for high-value properties will put significant financial pressure on major supermarket chains. Stores with rateable values above £500,000 are most exposed, creating potential losses across large-format estates.

Business Rates Rise Could Put Over 100 Supermarkets at Risk

More than 100 of the UK’s largest supermarkets could be pushed into unprofitability under government plans to raise business rates on high-value retail properties, industry sources have warned.The proposed changes, expected to be announced in the autumn Budget, would apply to properties with a rateable value above £500,000—a threshold affecting the top 1% of stores nationwide. Revenue generated would be used to fund permanent tax relief for smal…