Poundland

Debate between Lord McTague and Lord Leong

Wednesday 4th November 2026 Lords Chamber

[Lord Leong (Lab)]

Currently, the Government are not going to intervene in the ongoing commercial negotiations regarding a private business. It would not be appropriate for the Government to intervene right now. We really need to wait and see what happens after the negotiations. Let us remember that Poundland is currently trading, it has appointed an administrator and there is creditor protection for 10 days, which expires next week. Under such terms, we want to see the negotiations carry on. However, the Government nevertheless want all viable options that are capable of protecting jobs and supporting a sustainable future for Poundland to be properly considered.

[Lord McTague (Lab)]

My Lords, it is clear that many small businesses are being pestered by Poundland to continue to supply to it even though their invoices have not been paid. Can my noble friend the Minister please give them some advice? How should they respond to that request?

[Lord Leong (Lab)]

I thank my noble friend for that very important point. For a small supplier, one unpaid invoice can mean struggling to pay its monthly payroll. Suppliers need to know when invoices will be paid and on what terms they are being asked to send more stock. I would advise all suppliers to look at the terms of supply and see whether they have a Romalpa clause in the invoice, meaning that the title does not pass until the payment is made. We are pressing Poundland’s owner to explain how Poundland will protect suppliers as well as staff. The Home and Gift Association has an open register where suppliers can record their exposure.