Statutory Code: Leading analyst predicts no decision until after next election

By Michelle Perrett

- Last updated on GMT

Related tags: Morgan stanley, Analyst, Government

The decision is likely to be after the next election
The decision is likely to be after the next election
A leading analyst has predicted that there will be no final decision on the implementation of a statutory code and adjudicator until after the next election.

Writing in an analysts note Jamie Rollo from Morgan Stanley said: “We think a statutory code is unlikely to be introduced by this Government given the difficulty it would face with existing commercial contracts, the additional administrative burden it places on the industry, the likelihood of appeal by the pubcos, the risk some pubcos become pure landlords (or REITs?) and thus reduce tenant support, and the fact the current voluntary code seems to be working well (or at least needs more time to be tested).”

Consumer affairs minister told the Publican’s Morning Advertiser in December that a decision would be delayed by the Government while it considered the “next steps”. The Government said it did not rush into a decision.

Related topics: Legislation

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