Motion · S5M-23575 · 2 Dec 2020

Tesco Sets an Example by Repaying £60 Million in Business Rates

Lodged by Kenneth Gibson (No Party Affiliation) Standard Motion 18 supporters

The motion

That the Parliament welcomes the decision by the supermarket retailer, Tesco plc, to repay in full the £585 million in business rates relief that it was granted across the UK to help it weather the COVID-19 pandemic; notes that Tesco found itself able to do so after seeing strong sales and profit growth, having paid £315 million in dividends to its shareholders during the pandemic; is delighted at the difference the estimated £60 million that it anticipates the Scottish Government will have in additional expenditure will make if invested in assisting those businesses whose recovery from COVID-19 continues to be the hardest, and urges other large supermarkets and retailers that can afford to do so to follow Tesco’s example in the public interest.

Supporters (18)

Source: the Scottish Parliament motions and amendments record.