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GUARDIANS OF THE ARCHES

Thousands of railway arch traders hit hard by coronavirus are celebrating after their landlord backed down and cancelled their rent for three months.

Businesses in railway arches owned by The Arch Company can defer their rent if they are hit hard by the coronavirus crisis – but traders say the support offered is “nowhere near good enough”.

Hackney’s flagship brewery could become the latest railway arch business to be forced out of the borough after being hit with a 300 per cent rent increase a week before Christmas.

The mass sale of Network Rail’s 4,500 railway arches was not a good deal for the taxpayer or the tenants, MPs have found.

Hackney mayor Phil Glanville has written to the prospective new owners of the Network Rail arches hoping to discuss their “tenants first” approach.

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