Supermarkets across the UK could be under threat, with a new government financial plan set to affect hundreds of branches across the UK – apart from two well known shops Supermarkets could be in crisis (stock) (Image: Getty Images)

Several supermarkets could face closure due to planned business rate increases set to take effect soon. Some of the branches at risk include Tesco, Asda, Morrisons and Sainsbury's. ‌

In latest plans, the government is plotting to raise rates for businesses with properties that are worth more than £500,000. Now, the Financial Times said that almost 50 of Sainsbury’s 600 supermarkets will become unprofitable as a result of the higher property charges. Adding to this, several Tesco stores are at risk, as well as 30 of Morrisons’ 500 sites. ‌

Th

See Full Page