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PRA informs MPs inquiry

02 May, 2013
Page 8 

The PRA has submitted evidence on the pressures facing independent petrol, stations to a cross party group of MPs investigating the state of the UK retail sector.

The Department for Business Innovation and Skills Select Committee recently launched an inquiry into the UK retail market to question the effects regulations and costs have on the sector.

PRA chairman Brian Madderson said it highlighted how hypermarket forecourts were driving down the number of independent petrol retailer sites across the UK, with an average 300 closing every year.