An agreement could soon be struck to end the dispute over rent rises at Oxford’s Covered Market.
Oxford City Council said traders are expected to back a 16 per cent rise for all firms though it is not known if they will pay back-rent.
It would end a row which began in April 2012, when the council wanted most rents to go up, with some as high as 70 per cent.
Members of the Covered Market Traders’ Association will meet on Wednesday.
Spokesman Sandie Griffith said: “We have got to take the offer to our members and there is a chance we would accept it.”
The final rent rise would determine how much back-rent traders would pay from January 2012.
Council spokeswoman Chofamba Sithole said: “The Covered Market Traders’ Association has indicated a willingness to accept the council’s compromise offer of an across the board increase of 16 per cent and not to proceed to arbitration.
“There has been no final agreement, as the increase was due to operate from March 2012 and further discussions will be required on the actual operative data and the terms of payment of the consequential arrears in rent.”
Mary Clarkson, the councillor responsible for the market, said: “I think we have got the basis for an agreement now, without going to arbitration.
“I’m happy we can get together over the next week and haggle something out.
“It means we can get something settled much more quickly and move on with the other things we want to do in the market.
“The last two rent reviews have been appalling and nobody wants to be in this situation.”
Vicki Alder, of the market’s Macsamillion shoe shop, said of the plan: “Personally, I don’t particularly like it but I believe it’s a solution which will bring everything to an end quickly.
“It would show good faith from the council that they realise they cannot keep beating us with a stick and it would show faith from us that we can accept 16 per cent.”
- Do you want alerts delivered straight to your phone via our WhatsApp service? Text NEWS or SPORT or NEWS AND SPORT, depending on which services you want, and your full name to 07767 417704. Save our number into your phone's contacts as Oxford Mail WhatsApp and ensure you have WhatsApp installed.
11:20am Monday 28th July 2014
What do you think? We welcome letters from our readers on a wide variety of subjects and you can send us a letter through the blue headline above.
Our top stories
9:00am Wednesday 28th January 2015
THE amount of compensation claimed by Oxfordshire drivers for pothole damage more than doubled in two years.
8:43pm Wednesday 28th January 2015
THE 50th anniversary of Sir Winston Churchill’s funeral will be marked across Oxfordshire tomorrow.
8:39pm Wednesday 28th January 2015
A GIRL has claimed she had sex with a young man accused of grooming and exploiting teenagers in Banbury when she was 14 years old.
8:33pm Wednesday 28th January 2015
SNAKE fossils found in Oxfordshire have forced scientists to re-write their evolutionary story.
UPDATE:Services back to normal on Cotswold Line between Oxford and Worcester after person hit by train
4:30pm Wednesday 28th January 2015
Services have returned to normal between Oxford, Worcester and Hereford this afternoon after a person was hit by a train between Moreton-in-Marsh and Kingham.
6:45pm Wednesday 28th January 2015
SNOW is no longer expected to hit the majority of the county tomorrow morning.