Look at the Poundland scandal and see a crisis that goes beyond Britain’s high streets
Summary
‘I look out for my team,’ a store manager tells me, but Poundland’s US owner doesn’t care. Labour may be too late to prevent it becoming yet another casualty of venture capital In the Poundland I visit, a treasure trove of bargains, the staff are dejected. The shelves are emptying because the owners have withheld £50m needed for new stock and paying wages. It’s just one of 600 stores in peril, and these employees just a few of 12,000 at risk of losing their jobs – with 30,000 jobs at risk in supply chains. On Tuesday £10m was released : not enough, but preventing instant collapse. Gordon…
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Look at the Poundland scandal and see a crisis that goes beyond Britain’s high streets | Polly Toynbee
‘I look out for my team,’ a store manager tells me, but Poundland’s US owner doesn’t care. Labour may be too late to prevent it becoming yet another casualty of venture capital In the Poundland I visit, a treasure trove of bargains, the staff are dejected. The shelves are...
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