TIDMSBRY

RNS Number : 5436G

Sainsbury(J) PLC

18 March 2020

18 March 2020

J Sainsbury plc

Business Rates

J Sainsbury plc notes yesterday's statement from the Chancellor of the Exchequer, in which it was stated that the government will be "giving all retail, hospitality and leisure businesses in England a 100% business rates holiday for the next 12 months". We welcome the support for these businesses and we are awaiting further clarification on the details of this change. J Sainsbury plc paid UK business rates of GBP567m in the financial year to 9 March 2019, of which c.GBP500m related to stores.

Enquiries

Investor Relations: James Collins +44 (0) 20 7695 0080

Media: Rebecca Reilly +44 (0) 20 7695 7295

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(END) Dow Jones Newswires

March 18, 2020 03:00 ET (07:00 GMT)

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