|GBNews|
The discount retail chain Poundland is heading into administration, placing 600 stores across the UK at risk of closure. A correspondent reporting from Sunderland highlighted the impact on the high street following the recent budget announcement.
Sunderland is among the locations affected by the potential store closures. Questions are being raised about the efficacy of recent budget support measures for struggling high streets.
Transcript
“Yes, I'm outside Poundland here in Sunderland, one of the 600 stores under threat of closure as the chain heads into administration. Yesterday, John Healey said in his budget that he would support the struggling high street, but is he too late?”