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I am delighted that campaigning by the me, local residents and traders has forced Labour to make this concession.
Labour's market spokesperson, Cllr Mary Clarkson, said she wanted to settle with the traders at their proposed figure of 16% and “the back-dated rent should be waived."
Astonished traders in the room were left bemused by Mary’s public commitment to the deal they had originally proposed, and which up to that point had been flatly rejected by the council officers. She went on to say that the system had become “too removed from councillors and traders and far too concentrated with the council’s estates department."
Reflecting on events around the market I’m just sorry it has taken so long. At the meeting we heard from traders who’ve told us they are and are seriously concerned that they won’t be able to pay their rent. We also heard from the Labour candidate for Carfax who admitted that their current system for determining rents is and arbitration just leads to surveyors cashing in on taxpayer’s money. Is that what we want?
I genuinely welcome this new stance as it is something I have strongly campaigned for and is the reason why I organised the meeting on Wednesday. My only concern is that we’ve heard these kind of pledges before from Labour. Previously they agreed to keep the market rent rises in line with the results of the independent arbitrator’s report but, to put it in the words of one of the traders here tonight, they "welched" on the deal.’ Let’s hope they keep their word this time!