Poundland
Some 30,000 jobs are at stake in Poundland and its supply chain. Internal documents that we saw at the weekend show that the business’s sales, margins and profitability are ahead of target. Is the Minister absolutely convinced that Poundland’s directors are fulfilling their fiduciary duty and acting in the best interests of Poundland, or are they acting in the interests of a faceless American investment firm? If the loan of up to £60 million that was raised and imposed on Poundland is the barrier, will she take steps to ensure that we are doing everything we can to restructure it, so that it is not a barrier to saving Poundland’s business?