Market traders in threat to leave Wolverhampton
Market traders today threatened to leave Wolverhampton as they hit out at inflation-busting rent increases that they say could leave them struggling to make ends meet.
Stallholders face a five per cent hike in their stall fees – even though inflation is currently 2.8 per cent.
The increase is part of Wolverhampton City Council plans to bring in £793,000 a year and help claw back £68 million in savings over the next four years.
Fees for services across the city will rise with people looking to bury their loved ones, get married or hire a community centre all facing price rises.
The increase in charges is due to be approved at a meeting of the controlling Labour cabinet tomorrow.
Market traders today warned they are considering moving to other Black Country towns as they feared they would be pushed out of business.
Munir 'Sunny' Hassan, 42, who sells textiles at Wolverhampton Outdoor Market said: "I only made enough last week to cover the rent but another increase will hurt us. I'm concerned the council are looking to increase costs now just after the winter months when our takings are relatively small. Had this been in the summer then most here would agree we could make enough to pay for the additional costs. I have been selling textiles from this stall for two years but I have looked at the possibility of trading in West Bromwich and I'm sure I won't be the only one."
The rise will also impact on the city's indoor market where the cheapest stall will go from £133 to 139.65-a-week and one day pitches on the outdoor market will go up by £1.01. to £21.11.
Bilston and Wednesfield market will also be hit with a five per cent increase.
Mahmood Akhtar, 56, who has a clothing stall on the market said: "The council are going to push us out of business. We have looked at going to Dudley Market because it is in a better location, you get more for your money and you can trade in all weathers. If you look at some of the stalls they are in need of repair.
"If it rains then your stock can be ruined and now the council wants to charge more for that.
"Dudley Council encourages market traders. People will leave Wolverhampton."
Sadiq Rahimi, 22, who runs pound-a-bowl fruit and veg stall added: "It will put more pressure on us to sell our stock.
