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Poundworld Collapse: Brexit Means Exit On Our High Streets Says Euro MP

Following the news that Poundworld has gone into administration, MEP Alex Mayer said:

“This is devastating news for the staff in stores across Norfolk.

 

"My thoughts are with staff at the branches.

“Shoppers are facing another hole in their high street. I blame Brexit.”

Poundworld has cited “high product cost inflation” as one of the reasons for the chain’s difficulties.

The Euro MP continued: “With the collapse in the value of the pound since Brexit, it costs far more to buy products from abroad.

“Brexit is destroying jobs and making people worse off right now – imagine how much worse it will be if the Tory hardliners have their way and get the “hard” destructive Brexit they want.”

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