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B&Q Examinership a direct result of government’s failure to tackle upward only rents –Tóibín

31 January, 2013 - by Peadar Tóibín TD


Sinn Féin Enterprise and Employment spokesperson Peadar Tóibín has said the news that an examiner has been appointed to B&Q Ireland is a direct result of the government’s failure to tackle upward only rents.

Speaking this evening as the news broke Deputy Tóibín said;

“The failure to tackle upward only rents is yet another broken promise by this Fine Gael and Labour government, and it is costing jobs in the retail sector.

“This is despite the fact that I brought forward legislation last year to end the practice of upward only rents.

“And now we hear that B&Q Ireland has gone into examinership putting the jobs of 690 people at risk.  This is a direct result of the government’s failure to tackle upward only rents.

“The government cites legal problems as the reason why it cannot legislate yet it will not detail the legal difficulties and there is alternative legal advice that says such legislation is possible.

“This government came to power on a promise to address the jobs crisis.  We are now two years into the term of office and there is no progress on the jobs front.

“Upward only rents must be tackled if we are to avoid further crises in the retail sector.”

ENDS

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