UK markets close in 3 hours 3 minutes
  • FTSE 100

    6,900.06
    -38.18 (-0.55%)
     
  • FTSE 250

    22,293.80
    -71.07 (-0.32%)
     
  • AIM

    1,260.80
    -2.89 (-0.23%)
     
  • GBP/EUR

    1.1499
    -0.0014 (-0.12%)
     
  • GBP/USD

    1.3879
    +0.0037 (+0.26%)
     
  • BTC-GBP

    35,819.68
    -4,031.99 (-10.12%)
     
  • CMC Crypto 200

    1,144.38
    -98.68 (-7.94%)
     
  • S&P 500

    4,134.98
    -38.44 (-0.92%)
     
  • DOW

    33,815.90
    -321.41 (-0.94%)
     
  • CRUDE OIL

    61.59
    +0.16 (+0.26%)
     
  • GOLD FUTURES

    1,791.80
    +9.80 (+0.55%)
     
  • NIKKEI 225

    29,020.63
    -167.54 (-0.57%)
     
  • HANG SENG

    29,078.75
    +323.41 (+1.12%)
     
  • DAX

    15,215.22
    -105.30 (-0.69%)
     
  • CAC 40

    6,240.80
    -26.48 (-0.42%)
     

Co-op to repay furlough money, keep business rates relief

·1-min read
Outbreak of the coronavirus disease (COVID-19) in Chiswell Green

LONDON (Reuters) - Britain's Co-op, the supermarket and funerals group, said it would return to government 15.5 million pounds ($21.3 million) of furlough payments it claimed in 2020 during the COVID-19 pandemic but would retain its business rates relief.

The Co-op said on Thursday it took the government support in good faith, not expecting to have to pay the money back and made forward-looking business decisions on that basis.

Most UK supermarket groups have, however, repaid business rates relief.

($1 = 0.7277 pounds)

(Reporting by James Davey; editing by Sarah Young)