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For anyone new to the topic have a read of this blog post first, its genuine as my MP is currently chairing (or at least shouting the loudest) a Commons pressure group to have the PubCo public house tie system changed or completely eradicated as a severe restraint of trade and unfair contract term.
http://pubaliciouspubs.wordpress.com/2013/06/14/my-name-is-angelique-this-is-my-story/ If you check his Twitter feed (which is how he corresponds all day) @GregMulholland1 you'll see that he is regularly contacted with many similar stories from pub licencees who are struggling or bankrupted by the actions of their lease holders - THIS is the main reason why the pubs in your locality are closing. Its not all a one way street though, one of the biggest PubCo's Punch Taverns are struggling to refinance massive debts , if you are in any doubt as to how they all arrived at this position have a read of that previous link as the Punch Tavern model is the one used by several others, its being originally set up by one of the City's whizzkids who still thinks its a viable way to run businesses, he appears to be in a minority of one though http://www.cityam.com/article/punch-taverns-lenders-meet-discuss-alternative-debt-plan The official HM Government response in 2011 was this http://www.official-documents.gov.uk/document/cm82/8222/8222.pdf which was then later discredited by the Commons pressure group when it was discovered that a PubCo pressure group had basically written the script for the Dept for Business Innovation & Skills (I linked to it some months ago but will try and find it again). Its a big smelly pile of poo and if Punch go under the refinancing required to buy each individual trading public house back will bankrupt hundreds if not thousands more, a simple loosening of the beer tie would solve most of the landlords problems but that is as likely a solution as free flights to the moon on Sir Richard Bransons new space ship  |
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For anyone new to the topic have a read of this blog post first, its genuine as my MP is currently chairing (or at least shouting the loudest) a Commons pressure group to have the PubCo public house tie system changed or completely eradicated as a severe restraint of trade and unfair contract term.
http://pubaliciouspubs.wordpress.com/2013/06/14/my-name-is-angelique-this-is-my-story/ If you check his Twitter feed (which is how he corresponds all day) @GregMulholland1 you'll see that he is regularly contacted with many similar stories from pub licencees who are struggling or bankrupted by the actions of their lease holders - THIS is the main reason why the pubs in your locality are closing. Its not all a one way street though, one of the biggest PubCo's Punch Taverns are struggling to refinance massive debts , if you are in any doubt as to how they all arrived at this position have a read of that previous link as the Punch Tavern model is the one used by several others, its being originally set up by one of the City's whizzkids who still thinks its a viable way to run businesses, he appears to be in a minority of one though http://www.cityam.com/article/punch-taverns-lenders-meet-discuss-alternative-debt-plan The official HM Government response in 2011 was this http://www.official-documents.gov.uk/document/cm82/8222/8222.pdf which was then later discredited by the Commons pressure group when it was discovered that a PubCo pressure group had basically written the script for the Dept for Business Innovation & Skills (I linked to it some months ago but will try and find it again). Its a big smelly pile of poo and if Punch go under the refinancing required to buy each individual trading public house back will bankrupt hundreds if not thousands more, a simple loosening of the beer tie would solve most of the landlords problems but that is as likely a solution as free flights to the moon on Sir Richard Bransons new space ship |
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