Early day motion 923

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RESEARCH ON THE EFFECT ON THE ECONOMY OF PUBCO REFORMS

That this House welcomes the research from the Federation of Small Businesses that shows that the introduction of a statutory code of practice including a market rent-only option for the large pub-owning companies would benefit the UK economy by an estimated £78 million; notes that the research, conducted anonymously through a market research company, shows that licensees would invest more in their pubs, employ more staff and stock a wider selection of beers; further notes that 9,888 pubs would take on a new member of staff or increase staff hours creating £48,666,758 of additional wages per year, 10,359 pubs would spend money on maintenance, meaning an extra £10,359,030 to the economy, 6,698 pubs would spend money on modernisation, meaning an extra £9,697,984 to the economy, and that 9,796 pubs would spend more on advertising and websites, meaning an extra £9,796,000 to the economy; further notes that the research also shows that 8,213 pubs would offer a wider range of beers, benefiting small breweries and 8,614 pubs in the UK would use the extra profits to bring down the price of a pint and that 98 per cent of tenants said they would have more confidence in the future of their business; believes that this powerful evidence shows the very strong case for the market rent-only option as the way to rejuvenate the pub sector; and calls on the Department for Business, Innovation and Skills to act on this and implement the Business, Innovation and Skills Select Committee market rent-only option for companies with more than 500 pubs.

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Total number of signatures: 25

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Showing 25 out of 25

Name Party Constituency Date Signed
Anderson, David Labour Party Blaydon 13.01.2014
Bayley, Hugh Labour Party York Central 09.01.2014
Blackman, Bob Conservative Party Harrow East 13.01.2014
Bottomley, Peter Conservative Party Worthing West 13.01.2014
Campbell, Ronnie Labour Party Blyth Valley 15.01.2014
Caton, Martin Labour Party Gower 15.01.2014
Corbyn, Jeremy Labour Party Islington North 15.01.2014
Cunningham, Jim Labour Party Coventry South 14.01.2014
Dobbin, Jim Labour Party Heywood and Middleton 13.01.2014
Flynn, Paul Labour Party Newport West 14.01.2014
Hancock, Mike INDEPENDENT Portsmouth South 13.01.2014
Hemming, John Liberal Democrats Birmingham Yardley 13.01.2014
Hepburn, Stephen Labour Party Jarrow 29.01.2014
Horwood, Martin Liberal Democrats Cheltenham 21.01.2014
Huppert, Julian Liberal Democrats Cambridge 14.01.2014
Lavery, Ian Labour Party Wansbeck 16.01.2014
Leech, John Liberal Democrats Manchester Withington 13.01.2014
Llwyd, Elfyn Plaid Cymru Dwyfor Meirionnydd 13.01.2014
Lucas, Caroline Green Party Brighton Pavilion 13.01.2014
Meale, Alan Labour Party Mansfield 13.01.2014
Morris, Grahame M Labour Party Easington 13.01.2014
Mulholland, Greg Liberal Democrats Leeds North West 08.01.2014
Murphy, Paul Labour Party Torfaen 15.01.2014
Thornton, Mike Liberal Democrats Eastleigh 13.01.2014
Williams, Mark Liberal Democrats Ceredigion 22.01.2014