The owner of SuperValu wants taxpayers' help for retailers on energy costs. Photograph: Cyril Byrne/The Irish TimesThe recent huge increases in energy prices undoubtedly have affected retailers. Even still, it will have surprised many over the weekend to see retailer and wholesaler Musgrave, which had a glorious pandemic, calling for a tailored package of financial help from the State to help retailers cope with the rising costs of electricity and gas.
Allen, according to the Sunday Independent, wants taxpayers to fund “a temporary financial support package for SME food retailers” including an “energy rate cap, the suspension of commercial rates, a capital allowance super-deduction and VAT warehousing”. But for a sector — grocery retailing — that has just experienced a once-in-a-lifetime bounce due to booming sales during Covid lockdowns, the call for taxpayers to step in to help the sector now seems optimistic on Allen’s part.
Source: Energy Industry News (energyindustrynews.net)
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