The high-street retailer Poundworld has announced the closure of 25 stores with an initial loss of 242 jobs. Their losses are partly related to the fall in the value of the pound since the 2016 Brexit referendum.
Commenting, Catherine McKinnell MP, leading supporter of the People’s Vote campaign said:
“The post-Brexit crash in the value of the pound is exacerbating a crisis on our high streets. More and more well-known retailers are struggling or disappearing altogether as a result of the huge hit to our currency since the Brexit vote.
“Not only is it a tragedy that high-street retailers and other businesses are struggling because of Brexit, but countless jobs are at risk as a result.
“No-one voted for a shambolic Brexit that ends up turning the famous British high street into a ghost-town. That’s why we need a People’s Vote on the final Brexit deal, so that the people of this country can decide whether or not the terms on offer are good enough.”
Notes to editors
More on this story can be read here: https://www.bbc.co.uk/news/business-44780800