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Rent increases put Oxford covered market future in doubt
The Oxford Student online By Phil Dorrell
Traders, students and locals alike have expressed outrage in the past few weeks about planned rent increases in the Covered Market which look set to put many small and independent enterprises out of business.
Oxford City Council are seeking to increase rents by an average of 50 per cent, and some by as much as 70 per cent, åwhich, traders argue, is putting a huge pressure on businesses that are already financially stretched.
This has led to an online petition spearheaded by traders who argue that this rent increase puts “the very existence of the market itself in jeopardy.” So far this petition has received 3,856 signatures and hundreds of supportive comments online.
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