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That this House welcomes the finalreport by the Business, Innovation and Skills Committee on Pub Companies (Tenth Report of Session 2010-12, HC 1369-I), which found that industry self-regulation has failed and therefore called for the introduction of a statutory code of practicefor pub companies including that over a period of time all new lessees should be offered a free of tie lease with an open market rent review based on Royal Institute of Chartered Surveyors' guidance; supports the Committee's call for a code adjudicator; notes the Government's commitment to legislate to reform in line with the previous Government's plan announced in March 2010; further notes that nearly twice as many tied pubs are closingas free of tie pubs; believes that reforms recommended by the Select Committee, together with a guest beer option for lessees who choose to remain tied, will help prevent the closure of further valued community pubs by making rents fairer and allowing tied licensees to buy beer and other products on the open market at competitive prices, which will allow many more pubs to succeed and thrive, which will assistwith economic growth; further believes that these reforms will revitalise and rejuvenate the sector and promote entrepreneurship through more diverse ownership; and calls on the Government to act on the Select Committee's recommendations and announce a timetable for the consultation as quickly as possible on how it intends to implement the reforms.
Total number of signatures: 40
Showing 40 out of 40