HUGE rate hikes for market traders in Mexborough have been ditched.
Controversial proposals had been outlined by Doncaster Council for a five-fold rent increase for indoor market stall holders - but the moves have been scrapped in favour of a lower rate.
The rates for a single stall were originally due to rise from £15.72 per week to £78.60 a week over three years because the authority could no longer subsidise the market hall at the current rate.
But the council has now announced the new rate will be a one-off increase which will bring a typical rent for a unit inside the market hall to £36.10 per week.
The new rates take place with immediate effect and will be backdated to April 1 - but traders have been warned that future hikes might be in line with the Retail Price Index.
The authority said agreement was reached after lengthy talks between the council and traders.
Trader Phil Toone said: “The new rents have effectively doubled but we are pleased because they are less than the ridiculous rates they were originally proposing. We knew they were going to go up but they needed to be reasonable.”
Mayor of Doncaster Peter Davies said: “We have worked hard to find a compromise with Mexborough’s traders. We were fully aware of the need to keep rates at an affordable level which would enable traders to maintain their businesses in these difficult economic times.”