
@benfromsuffolk @RollingHedge @WilliamClouston Retail operates at a margin of between 1 and 5%. His sales (revenue) are 40M, so thats between 400K and 2M profit, which as he said is being eaten into by 1.3M of extra tax. So he is now tops down to 700K profit, maybe even making a loss. So why take the risk? Put it in a 5% bond
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