Poundland weighs in to rating revaluation debate

One of the UK’s biggest high street retailers has backed calls for the Government to scrap the planned postponement of the business rates revaluation.

Discount retailer Poundland, which is headquartered in Willenhall, in the Black Country, has thrown its weight behind a campaign to reverse the decision by signing an online Government petition.

The company, which operates around 300 stores across the UK, including 55 stores in the Midlands, and employs around 10,000 people, said the decision to postpone the 2015 revaluation until 2017 was “reckless” given the current decline of the retail market and would only serve to continue the injustice of businesses paying inflated business rates in a depressed climate.

The retailer said it would also lead to more casualties on the high street, following the collapse of household names such as Clintons, Peacocks, JJB Sports and Comet.  Continue reading

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