HIGH street heavyweight Poundland is backing calls for the Government to scrap its planned postponement of the business rates revaluation.
The discount retailer, which has stores in Huddersfield and Dewsbury, is backing Colliers International’s campaign to reverse the decision by signing an online Government petition.
Poundland, which operates about 300 stores across the UK, including 17 in Yorkshire, and employs about 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.
National portfolio manager Ben Wall said: “It is difficult to understand the logic behind the decision to delay the rating revaluation as it will impact many retailers who are already struggling and facing financial hardship.”