Vince Cable steps in to protect pub landlords from sharp practice by large pub companies
Struggling pubs were given a boost today as plans were announced to crack down on sharp practice by large firms which own thousands of bars.
The Independent highlighted fears last week that hundreds more pubs face closure this year without urgent action to drive down rents faced by landlords and the amount they are charged for beer by pub companies.
Ahead of a Commons debate tomorrow, the Business Secretary Vince Cable announced plans for a statutory code of conduct to govern the relationship between pub companies and publicans. It will be enforced by a new adjudicator with the power to intervene in disputes between landlords and pub chains.
Campaigners have called for the regulation of “pubcos”, the large firms which control thousands of bars through agreements with tied landlords.
Previously ministers had insisted that the behaviour of pub chains could be monitored by a system of self-regulation.
Mr Cable said: “There is some real hardship in the pubs sector, with many pubs going to the wall as publicans struggle to survive on tiny margins.
“Some of this is due to pubcos exploiting and squeezing their tenants by unfair practices and a focus on short-term profits.”
Toby Perkins, a shadow business minister, said: “Ministers have finally caved in and accepted their self-regulatory model has failed to ensure fairness in the relationship between the big pub companies and their landlords.”
- 1 The political parties aren't all the same – which means 2015 will be a 'big-choice' election
- 2 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 3 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
- 4 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
UK weather: Warning for more snow and ice as freezing temperatures and gales hit Britain
New York police shooting: thousands turn out for the funeral of Rafael Ramos
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Immigrants make UK racist, says Ukip councillor Trevor Shonk
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
£40000 - £43000 per annum + benefits: Ashdown Group: Senior Marketing Executiv...
£40000 - £43000 per annum + benefits: Ashdown Group: An international organisa...
£25000 - £30000 per annum: Ashdown Group: Internal Recruiter -Rugby, Warwicksh...