WORD
Issue #33, May 12th 2020.
£1
Equality Democracy Truth Courage
Find out who Keir is popular with Hope and good news What is democracy
THE PEOPLE’S PAPER
PAGE 27 PAGE 23 PAGE 14
THE
thewordmedia.org
Tesco takes from the taxpayers Tesco has defended paying out £900 million in dividends to investors despite securing a £585 million tax break from the Government. Politicians and analysts have scrutinised the supermarket giant’s “aggressive” move to hand cash to shareholders, despite swathes of major firms suspending payouts in the face of the coronavirus pandemic. Chief executive Dave Lewis defended the decision, saying that the cash payout is “reflective of last year’s performance and the strength of the business” and ordinary people with shares stand to benefit. “We looked at whether the business needs more liquidity even in the most stressed scenario and it was decided we do not,” he said. “We have a strong balance sheet and we do not need surplus cash.”
WHO IS NEEDED NOW?
WE NEED, CLEANERS, NURSES AND SHELF FILLER’S NOT THE TAKERS