A Tesco tax won’t help anyone

It was probably the last thing Dave Lewis, Tesco’s new chief executive, wanted to read about. As soon as his appointment was announced, the papers were suddenly filled with headlines about a ‘Tesco tax’.

In fact, the proposed Tesco tax is not a special one-off levy on grocers who expanded too ambitiously overseas, and built too many drab sheds filled with rather mediocre stuff that was a bit more expensive than it really should have been.

It is, instead, a proposal by a group of local councils for extra business rates on big out-of-town superstores to help struggling local high [...]

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