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Co-op to pay bonuses despite withholding £65m in state funds

Co-op to pay bonuses despite withholding £65m in state funds

Business
The Co-op Group is to hand annual bonuses to senior executives despite refusing to repay £65m in business rates relief it received from the government to support it through the pandemic.Sky News can reveal that the mutual's remuneration committee has decided to reward chief executive Steve Murrells and senior colleagues for their work last year - a move that insiders say could spark a fierce backlash from members and employees. The size of the bonuses to be handed to executives will be disclosed in the Co-op's annual report in the coming weeks, and was unclear on Thursday. Image: Tesco led the way in repaying business rates relief Confirming a report by Sky News, the Co-op said it would give back only part of the state support it rece...