{"componentChunkName":"component---src-templates-post-js","path":"/supermarkets-hand-back-help/","result":{"data":{"ghostPost":{"id":"Ghost__Post__5fc8bb3884ea340039fccd05","title":"Supermarkets hand back help","slug":"supermarkets-hand-back-help","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/12/Multiply-minute-2.png","excerpt":"Tesco, Morrison’s, and Sainsbury’s have handed back hundreds of millions they received during the pandemic.","custom_excerpt":"Tesco, Morrison’s, and Sainsbury’s have handed back hundreds of millions they received during the pandemic.","created_at_pretty":"03 December, 2020","published_at_pretty":"03 December, 2020","updated_at_pretty":"03 December, 2020","created_at":"2020-12-03T10:17:28.000+00:00","published_at":"2020-12-03T10:19:34.000+00:00","updated_at":"2020-12-03T10:19:34.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need with expert adviser commentary.\n\nTax relief returned\nTesco, Morrison’s, and Sainsbury’s have handed back hundreds of millions\n[about:blank] they received during the pandemic. Supermarkets have been slated\nfor accepting over £1.9 billion in government support while their sales were\nbooming during lockdown. 3 of the big 4 have now paid back the business rates\nrelief.\n\nShoppers hit high streets\nFootfall rose 87% [about:blank] in shops across England yesterday, as\nnon-essential shops reopened after lockdown. It’s a bigger bounce than we saw at\nthe end of the last lockdown. Experts reckon that’s because of “lockdown\nfatigue” and the pull of Christmas shopping.\n\nGreen offers £50m\nSir Philip Green’s family is going to pay £50 million\n[https://www.theguardian.com/business/2020/dec/02/minister-asks-watchdog-to-examine-conduct-of-arcadia-group-bosses] \ninto the pension fund of his collapsed retail empire. Arcadia went into\nadministration earlier this week, leaving a deficit of £350 million in its\npension scheme. There are still concerns about whether the pension scheme will\nbe able to pay out - so there’s going to be an investigation by the Insolvency\nService.\n\n\nPremium Bond cheques to stay\nNational Savings & Investments has delayed plans to phase out prize cheques\n[https://www.telegraph.co.uk/personal-banking/savings/nsi-carry-sending-premium-bond-cheques-savers-revolt/]\n* after they were met with resistance. The prize “warrants” are currently sent\nby post, but were due to be replaced by online transfers. However, although a\nmillion savers have made the switch, others have struggled to register their\nbank details online.\n\n*this article may need a subscription to read","html":"

The 1-minute read to get the money news you need with expert adviser commentary.

Tax relief returned

Tesco, Morrison’s, and Sainsbury’s have handed back hundreds of millions they received during the pandemic. Supermarkets have been slated for accepting over £1.9 billion in government support while their sales were booming during lockdown. 3 of the big 4 have now paid back the business rates relief.

Shoppers hit high streets

Footfall rose 87% in shops across England yesterday, as non-essential shops reopened after lockdown. It’s a bigger bounce than we saw at the end of the last lockdown. Experts reckon that’s because of “lockdown fatigue” and the pull of Christmas shopping.

Green offers £50m

Sir Philip Green’s family is going to pay £50 million into the pension fund of his collapsed retail empire. Arcadia went into administration earlier this week, leaving a deficit of £350 million in its pension scheme. There are still concerns about whether the pension scheme will be able to pay out - so there’s going to be an investigation by the Insolvency Service.


Premium Bond cheques to stay

National Savings & Investments has delayed plans to phase out prize cheques* after they were met with resistance. The prize “warrants” are currently sent by post, but were due to be replaced by online transfers. However, although a million savers have made the switch, others have struggled to register their bank details online.

*this article may need a subscription to read

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