ST NICKS MARKET SHOCKER
Council bosses want to wire St Nicks Market food traders up to Electronic Point of Sale (EPO) units and grab 15 per cent of their turnover for themselves.
What’s the extra income for? The council’s own figures say their running costs were £591k last year while they earned £646k in fees. A tidy £55k profit giving a return of 8.5 per cent.
Not enough for our greedy council who’ve set a turnover target of £761k for 2025. Potentially a profit of £170k at a whopping return of 22 per cent.
No such returns are likely for traders, however. In the struggling hospitality industry 15 per cent of turnover is likely to be their entire profit.
Kerching?