Industry figures have voiced their fears about a potential rise in the number of managed pubs in the wake of the market rent only option, arguing the legislation will lead to less opportunity for entrepreneurial multiple site operators and stifle innovation.
The number of pubs owned by microbreweries could grow from 1% of the market to 10% over the next decade, with financial buyers also busy in the sector, according to Nigel Parson, independent analyst from Dryburgh Research.
Enterprise Inns chief executive Ted Tuppen has labelled the Government’s consultation into the statutory code for pub companies “a disgrace” and accused MPs and ministers of “deliberate distortion of the meaning of evidence” over the issue.
If the industry can demonstrate that self-regulation is working over the pubco-tenant relationship, the Business Innovation and Skills Committee (BISC) chairman, Adrian Bailey, will recommend “no further action”.
Back in 2000, I was the deputy editor on a publication for road haulage companies. We, our readers and our trade associations were united on one issue — opposition to the fuel-duty escalator, which, by then, was adding 6% above inflation each year to...