Monday 4 November 2019 / 11:31 AM Business / Rebecca Long Bailey

Rebecca Long Bailey comment on Mothercare preparing to enter administration

Rebecca Long Bailey MP, Labour’s Shadow Business and Energy Secretary, commenting on Mothercare preparing to enter administration, said:

“Mothercare disappearing from our high streets would be a huge loss to the new parents who rely on it and the thousands of workers whose jobs are at risk.

“The government must urgently meet with unions and the company to safeguard these jobs.

“Under the Conservatives, our high streets continue to suffer. They are at the heart of our communities and desperately need saving.

“Labour’s five point plan will rejuvenate Britain’s town centres and protect jobs.”

Ends

 

Notes to Editors:

Labour’s 5 point plan to support Britain’s high streets:

  • Ban ATM charges and stop bank branch and Post Office closures
  • Improve local bus services and provide free bus travel for under 25s
  • Deliver free public Wi-Fi in town centres
  • Establish a register of landlords of empty shops in each local authority
  • Introduce annual revaluations of business rates, ensure a fair appeals system and review the business rates system to bring it into the 21st century.
  • Boris Johnson promised to protect our highstreets:

“Our high streets are right at the heart of our communities, and I will do everything I can to make sure they remain vibrant places where people want to go, meet and spend their money.”

Boris Johnson, 26 August 2019, https://www.gov.uk/government/news/1-billion-future-high-streets-fund-expanded-to-50-more-areas

 

  • There were 2,594 net store closures in 2018

Centre for Retail Research, https://www.retailresearch.org/whos-gone-bust-retail.html

  • Since 2010, 251,371 employees have been affected by failing companies

Labour analysis of Centre for Retail Research, https://www.retailresearch.org/whos-gone-bust-retail.html

  • 125 retail businesses went into administration in 2018

BRC, a vision for the UK retail industry

  • 3% of Britain’s high street and neighbourhood shops are sitting empty

BRC, a vision for the UK retail industry

 

  • Retail is 5% of the Economy yet pays 10% of all business taxes and 25% of all business rates – £7bn per annum.

BRC, a vision for the UK retail industry

  • Examples of big brands that have gone into administration this year:
  • Forever 21
  • Regis UK and Supercuts
  • Thomas Cook
  • Oddbins
  • LK Bennett

Other shops that have gone into administration this year can be found Centre for Retail Research, https://www.retailresearch.org/whos-gone-bust-retail.html