Debenhams stores in Wales could be shut permanently

Debenhams have stated that its Welsh stores may be forced to shut permanently, unless the government reverses a decision on business rates relief.

Chancellor Rishi Sunak has granted a rates holiday to all retail, leisure and hospitality firms for a year just as the coronavirus crisis escalated in the UK. Wales initially said it would match these plans but then changed the threshold for those eligible.

The Welsh government decided not to extend relief to properties with a rateable value of £500,000 and above and also added that the change means business rates would be used for grants to small firms.

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