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People's Supermarket fights closure

The People’s Supermarket has warned that its store in London’s Holborn could close in March as it struggles to pay its business rates to Camden Council.

GENERAL MERCHANDISE

People's Supermarket fights closure

The People’s Supermarket has warned that its store in London’s Holborn could close in March as it struggles to pay its business rates to Camden Council.

The member-owned retailer has asked its supporters to sign a petition for submission to the the Town Hall with the aim of securing agreement for its business rate payments to be renegotiated. However, the Council is believed to be reluctant to offer the store any special treatment.

TPS has posted a notice on its website which reads: "The People’s Supermarket is a co-operative and community benefit society and operates for the benefit of its members and the community. It is by no means in pursuit of profit.

"Although our takings have been increasing, we are still having problems paying our business rates.  For that reason, we ask that Camden Council continue to support us by allowing for the renegotiation of rate payments.

"In the absence of such support, The People’s Supermarket will become insolvent by 1 March. This will force us to close the shop."

Last night TPS supporters marched on Camden council chambers to meet councillors. A message on the supermarket's Twitter feed indicated that a solution had not been found although later Liberal Democrat councillor Matt Sanders tweeted that the outcome of the discussions was “mixed". He added that that Council had proposed a payment plan but whether  it was "enough" depended on the detail.

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