UK supermarkets face closures from rate hikes

UK supermarkets face potential closures due to government business rate increases on properties over £500,000. Tesco, Asda, and Sainsbury's are among those at risk, with nearly 50 Sainsbury's stores potentially becoming unprofitable. Lidl and Aldi are unaffected due to smaller premises. The rate hikes aim to fund smaller retailers and hospitality, but some business owners fear they will harm the high street, adding to recent cost increases.