19th November 2008
The Financial Times reports on the Fair Pint Campaign's evidence to MPs, as part of the Business and Enterprise Committee's enquiry into pubcos.
Members of the Campaign called for the Government to take regulatory action, saying that the pubcos had shown themselves unable to adopt the 2004 Trade and Industry Select Committee recommendations under voluntary self-regulation.
During the same session, the Federation of Small Businesses told MPs that the 'rigorous conditions' imposed by the pubcos made it hard for tenants to survive in the current economic climate - fuelling the "meltdown" in the industry that sees 27 pubs close every week, and results in average licensee profits of just £3.30 per hour for Punch and Enterprise tenants.
Read the full article on the Financial Times website: