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Living wage and business rates are 'lethal cocktail' - Tesco
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=24600		 Page 1 of 1
Author:  pcernie [ Mon Nov 09, 2015 11:04 pm ]
Post subject:  Living wage and business rates are 'lethal cocktail' - Tesco
National living wage and business rates are 'lethal cocktail', says Tesco CEO | Business | The Guardian
http://www.theguardian.com/business/201 ... says-tesco

Quote:
Retailers will pay £8bn in business rates this year, a quarter of the UK total. It is by far the biggest tax the industry pays: for every £1 a large retailer pays in corporation tax, the company pays £2.31 in business rates. Tesco’s business rates bill has risen by 35% in the last five years at a time when profits have fallen significantly.


Thank fcuk they've been avoiding tax for decades then.

Quote:
Lewis said: “Over the last five years property values have fallen, profits are down but business rates are up. Quietly but dramatically. Business rates have hit £8bn for retail. That’s over a quarter of the bill and significantly more than any other sector. That’s an enormous pressure. Shops have closed. Businesses lost. Jobs sacrificed.”


And your online element that would combat so much of that? You know, the one where a minimum order went from £25 to £40? Even under your 'money saving' delivery scheme?

Quote:
Lewis also claimed that a reduction in the salt content of Tesco’s own-brand products had saved 1,500 lives.


:lol:

This is the usual 'the sky's falling in!' routine every time someone even mentions paying staff a fair wage. It's just especially grating when a scrote like Lewis uses his own staff to do it.
Author:  jonbwfc [ Tue Nov 10, 2015 10:57 am ]
Post subject:  Re: Living wage and business rates are 'lethal cocktail' - Tesco
Tesco's poor performance over the last couple of years has nothing to do with taxation and very much to do with simple poor management of the business on their part and the competition doing the job much better than them. Feck me, the Tesco Extra near me has gone from 'OK' to 'bloody awful' in a year or so and their solution to the problem is apparently to have other retailers set up microstores on their shop floor while not changing their own stock range or service model at all. Whoever thought that would turn their fortunes around deserves a slap.
Author:  Spreadie [ Tue Nov 10, 2015 3:27 pm ]
Post subject:  Re: Living wage and business rates are 'lethal cocktail' - Tesco
jonbwfc wrote:
Tesco Extra near me has gone from 'OK' to 'bloody awful' in a year or so and their solution to the problem is apparently to have other retailers set up microstores on their shop floor while not changing their own stock range or service model at all. Whoever thought that would turn their fortunes around deserves a slap.


We've been waiting for years for an ASDA store - the planning was delayed by a lengthy dispute - but we're getting one next year, finally!

Tesco is easily the nearest store, but I'll happily travel farther to go to ASDA. I don't rate Morrisons, Co-op is basically corner shop prices, as is Waitrose (and then some) and a weekly shop at Sainsburys always seems to come out £20-£30 more expensive than normal for no apparent reason.

In short: As soon as ASDA opens, I'll never darken Tesco's doorway again.
Author:  MrStevenRogers [ Tue Nov 10, 2015 7:01 pm ]
Post subject:  Re: Living wage and business rates are 'lethal cocktail' - Tesco
the big boys in retail always used the excuse of building new stores as providing jobs in that area and also to keep wages low (tax credits never helped wage increases). now none of the big boys are building new stores and have to a pay a higher wage so they cant blackmail any more.
i do hope local areas double or treble rates for the big boys its about time they paid their fair share. be that even at a local level, instead of always getting away with avoiding tax nationally ...
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