Responding to the Government’s announcement of the introduction of a statutory code for pub companies, the ALMR has welcomed an end to a prolonged period of uncertainty and the establishment of clarity for the sector. The ALMR has also emphasised the need for the code deliver a clear and concise framework for change.
The Government announced 3 June its response to the consultation, establishing a statutory code and an independent adjudicator with the power to resolve disputes.
Ending uncertainty
ALMR Strategic Affairs Director, Kate Nicholls said: “We are pleased to see the Government has finally set out its position on the relationship between pubcos and their tenants. This brings to an end a long period of uncertainty which has undoubtedly hampered investment in our sector.
“We are particularly pleased to see the Government addressing the issue of rent reviews and also recognising the hard work that has already been done by the ALMR and other trade bodies working to find a voluntary solution. In the interim, the voluntary scheme must remain robust and effective to ensure that this work is not undermined.
Stability and consistency needed
“It is critical that definitions and classifications within the statutory code are robust, clear and meaningful to ensure transparency and simplicity for the sector going forward. The contents of the draft code will need to be scrutinised to make certain that it has the capacity to deliver the meaningful change licensed hospitality needs.
“The sector needs stability and consistency to ensure a fair, free and flexible market and the continued ability to promote jobs and growth right across the UK.”