New rules unveiled by the Liberal Democrats will help pub tenants battling to pay rent or beer costs in Bristol West, Stephen Williams MP said today.
Landlords tied to large pub companies have said they are struggling to make a decent living, with more than half claiming they earn less than the minimum wage. The Government will give landlords the right to request a rent review after five years, as well as set up an independent adjudicator with the power to resolve disputes.
Stephen Williams MP said:
"Local pubs and their owners play a vital part in vibrant local communities right across the country, as well as making an important contribution to the economy. But far too many landlords feel their income is squeezed by big pub companies.
"So, the Liberal Democrats in the Coalition Government are taking action to make sure they get a fairer deal.
"The introduction of a statutory code will make sure tied tenants get an accurate assessment of how better off they could be. Meanwhile, the new independent adjudicator will make sure pub companies are forced to act to redress the situation if they are not behaving responsibly."
Deputy Prime Minister and Liberal Democrat leader Nick Clegg said:
"British pubs are often the centre of our community, a place where we meet friends, watch sport and enjoy a Sunday roast. They are a national treasure and the envy of the world.
"They also contribute billions to our economy every year. But for too long, landlords tied to larger pub companies have struggled to make ends meet. Half of UK landlords earn less than the minimum wage.
"The self-regulatory approach has not worked, so these new rules will give fairer treatment for landlords so that they can keep your local pub going strong."