Poundland owner blames shoplifting and inflation in leaked letter as chain battles to survive with 10,500 jobs at risk

POUNDLAND'S owner has blamed a crippling shoplifting epidemic and soaring inflation as the discount chain teeters on the brink of collapse - putting 10,500 jobs at risk. In extracts from a leaked letter first obtained by Sky News, the high street giant’s controlling shareholder defended its actions…