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Latest Finance News related to Pub Industry

Budget help for pubs only a 'stay of execution', says MP image
Source : Guardian [Read Article] Monday 13th of March 2017 06:34:39 PM
.... So it’s disappointing that all the chancellor can muster is a half-hearted response. For many in the pub industry this feels like a stay of execution. ...
Wetherspoons boss condemns Hammond's 'budget for dinner parties' image
Source : Guardian [Read Article] Friday 10th of March 2017 10:08:26 AM
....He said: “We understand the need for the government to raise taxes. However, there should be a sensible rebalancing of the taxes paid by pubs and supermarkets, if the pub industry is to survive in the long term. ...
Wetherspoons chairman criticises 'dinner party' Budget image
Source : BBC [Read Article] Friday 10th of March 2017 08:04:21 AM
....". He said "the biggest danger to the pub industry" was that it was taxed differently to supermarkets. ...

Bill Etheridge: The pro-gay marriage, pro-Muslim schools, Shiraz drinking Ukip leadership candidate – who would bring back death penalty and ban burkas
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.... Why should people who want a smoke have to go and stand outside? It’s persecution. We’ve done it for centuries and the pub industry is part of British culture. ...
Boss of pub giant Wetherspoon wants OUT of Europe: 'Powers should be with Britain' image
....50. The pub chief executive also cautioned Chancellor George Osborne not raise taxes in the pub industry ahead of next week's Budget. ...
JD Wetherspoon profits hit by increased labour costs image
Source : Guardian [Read Article] Wednesday 20th of January 2016 11:16:15 AM
.... A few shareholders may not be as happy as the staff but that’s something we will have to work on,” he said. Wetherspoon has defied the decline of the pub industry in Britain by charging low prices, serving food and coffee and extending opening hours, but analysts at Numis said the company had little room for manoeuvre on prices or staff costs. ...
Cote boss: 'Every UK pub and restaurant owner would like a VAT cut’  image
Source : Telegraph [Read Article] Sunday 6th of December 2015 08:00:20 PM
.... In contrast, supermarkets pay zero VAT on the food they sell. Critics argue this means they can subsidise sales on alcohol, allowing them to undercut pub prices at a time when Britain’s pub industry is in turmoil. ...
Wetherspoon boss attacks minimum wage plan as profits slump image
Source : Guardian [Read Article] Friday 11th of September 2015 08:22:08 AM
....Martin has long campaigned about the disparity between pubs being charged 20% VAT on food sales while supermarkets are charged nothing, saying this allows the big grocers to subsidise alcohol sales. He says it is the biggest danger to the pub industry. ...
Wetherspoon's wage warning: National living wage may kill pubs  image
Source : Daily Express [Read Article] Thursday 16th of July 2015 11:48:00 AM
....Martin has long campaigned against what he sees as the huge VAT and business rates disparity between the pubs industry and supermarkets and fears the living wage is another blow. He said: “The recent Government announcement regarding the ‘living wage’ adds considerable uncertainty to future financial projections in the pub industry. ...
Source : Independent [Read Article] Thursday 16th of July 2015 12:25:16 AM
.... Not that is has stopped business from screaming blue murder, despite the reduction in the rate of corporate tax it has been handed to help meet the cost. The latest to join the chorus of complaint is JD Wetherspoon, whose founder  and chairman Tim Martin has branded it a “capricious initiative” that “adds considerable uncertainty to future financial projections in the pub industry”. ...
Bosses warn national living wage will cause pub closures image
Source : Telegraph [Read Article] Wednesday 15th of July 2015 07:09:31 PM
....” . He spoke out after Tim Martin, the chairman of JD Wetherspoon, attacked the living wage, arguing it “adds considerable uncertainty to future financial projections in the pub industry”. ...
Wetherspoon boss says living wage will threaten future of many more pubs image
Source : Guardian [Read Article] Wednesday 15th of July 2015 05:58:25 PM
....20 an hour from next April would help widen “the financial disparity between pubs and supermarkets”, and “threaten the future of many more pubs”. He said: “The recent government announcement regarding the ‘living wage’ adds considerable uncertainty to future financial projections in the pub industry. ...
JD Wetherspoon toasts sales rise as chairman takes swipe at living wage image
Source : Telegraph [Read Article] Wednesday 15th of July 2015 06:45:36 AM
. The Government’s new living wage has added “considerable uncertainty” to the pub industry, Tim Martin, chairman of JD Wetherspoon, said on Wednesday. ...
Speedy Hire’s decline is based on over-baked bullishness image
Source : Telegraph [Read Article] Wednesday 1st of July 2015 07:57:55 PM
.... . After years of negative press about the decline of the pub industry, a “solid” sales performance is cause for celebration. ...
Relief for Britain's troubled pubs as younger landlords take charge image
Source : Telegraph [Read Article] Saturday 27th of June 2015 02:28:52 PM
.... . Critics blamed the system for contributing to a difficult decade for the pub industry in which the number of public houses in Britain dropped from 58,200 in 2006 to 48,000 last year, a fall of 18pc. ...
Pub landlords are getting younger, new research shows image
Source : Independent [Read Article] Thursday 21st of May 2015 11:03:18 PM
.... Almost half (42 per cent) of current establishments have opened within the last three years as young people shake up the market, it said. The turnover of the average pub has increased by almost a quarter (23 per cent) since 2012, which Barclays said pointed to “encouraging signs of growth for the UK pub industry”. ...
City Pub expands ahead of flotation image
Source : Telegraph [Read Article] Saturday 9th of May 2015 06:07:05 PM
.... . Mr Watson added that the outlook for the pub industry was “bright” in the wake of the election result. ...
Pret introduces dinner service and starts selling wine and beer image
Source : Telegraph [Read Article] Wednesday 8th of April 2015 10:00:35 AM
.... . Pub chain JD Wetherspoon recently announced plans to triple coffee and breakfast sales over the next 18 months to counter the "unfair taxes hitting the pub industry". ...
Wetherspoon boosts breakfast offerings to counter 'unfair' beer tax image
Source : Telegraph [Read Article] Friday 13th of March 2015 07:40:44 AM
. Pub chain JD Wetherspoon plans to triple coffee and breakfast sales over the next 18 months, as its chairman Tim Martin said the pub industry is continuing to be hit by "unfair" taxes. ...
Time at the bar: can Britain's pubs survive? image
Source : Telegraph [Read Article] Wednesday 11th of March 2015 06:00:26 AM
. The pub industry is going through a shake-up, spurred on by recent government legislation to scrap the controversial “beer tie” system and allow pub landlords tied to big chains to buy beer on the open market. ...
Wetherspoon boss Tim Martin criticises rivals for failing to speak out over unfair tax on pubs image
....Martin said: "Following chaos at our banks, the supermarkets themselves have recently witnessed a situation where the tectonic plates of the industry moved, even though the boardrooms at the major industry players were oblivious to this fact. "That is the position now in the pub industry and the companies that do not speak out about the dangers of tax inequality are likely to be those that suffer most in the future. ...
Wetherspoon warns of threat to pubs from cheap supermarket alcohol image
Source : Telegraph [Read Article] Wednesday 21st of January 2015 10:44:07 AM
.... . “This reflects the dire need for the pub industry to campaign for equal tax treatment for pubs and supermarkets,” he said. ...
JD Wetherspoon plans to create 15,000 jobs and open 200 new pubs image
Source : Telegraph [Read Article] Monday 29th of December 2014 01:02:45 PM
....” . Mr Martin has been a vocal campaigner over taxes levied on the pub industry, calling for the 20pc VAT they pay on food and drink sales to be reduced and highlighting that supermarkets pay 7. ...
The real reasons for the tragic demise of the British pub industry image
Source : Telegraph [Read Article] Wednesday 10th of December 2014 12:10:48 AM
.... The recession and falling real wages have hit pubs disproportionately hard. Yet the one factor that correlates most closely with the accelerating decline in the pub industry is the smoking ban. ...
George Orwell’s Moon Under Water pub would go bust today image
Source : Telegraph [Read Article] Friday 28th of November 2014 06:06:58 PM
.... Health & Safety: We are concerned to hear that “the Moon Under Water sells tobacco as well as cigarettes” and of the “florid ceiling stained dark yellow by tobacco-smoke”. We understand that the smoking ban in 2008 wrought havoc on the pub industry but we hope that the Moon Under Water is not flouting the rules. ...
Why breaking the beer tie will be dire for our Great British pubs image
Source : Telegraph [Read Article] Monday 24th of November 2014 04:25:36 PM
.... Their concern was genuine, but their prescription could leave the patient weakened and more likely to die of complications. Last week, a range of similarly well-meaning MPs, many of whom are passionate supporters of their local pub and the UK pub industry, did much the same thing. ...
What is the 'beer tie'? image
Source : Telegraph [Read Article] Wednesday 19th of November 2014 12:53:17 PM
.... . The beer tie lowers the barriers to entry in the pub industry by operating as an effective franchise system. ...
Government defeated in pubs vote image
Source : BBC [Read Article] Tuesday 18th of November 2014 09:01:27 PM
....But the British Beer and Pub Association said the outcome was "hugely damaging". Chief executive Brigid Simmonds said: "This change effectively breaks the 'beer tie', which has served Britain's unique pub industry well for nearly 400 years. ...
Pub landlords tied to big breweries win 'historic victory' in Commons Bill image
Source : Telegraph [Read Article] Tuesday 18th of November 2014 06:27:35 PM
.... . “This change effectively breaks the ‘beer tie’, which has served Britain’s unique pub industry well for nearly 400 years. ...
Breaking the breweries: Pub landlords want rent independently reviewed to ensure it is fair image
....But the British Beer & Pub Association (BBPA) hit back yesterday, warning if the rebellion succeeds, 1,400 pubs would close and 7,000 jobs would be lost. Brigid Simmonds, BBPA's chief executive, said: "This amendment would effectively break the 'beer tie', ending a business model that has wide cross-party support, and has served Britain's unique pub industry well for nearly 400 years. ...
Wetherspoon founder slams City-centric tax codes hitting British pubs image
Source : Daily Express [Read Article] Saturday 13th of September 2014 10:52:00 AM
....He also called for a level playing field with supermarkets which do not have to pay VAT on food sales enabling them to subsidise alcohol prices. Martin said: "This serious economic disadvantage has contributed to the closure of thousands of pubs and the pub industry has lost approximately 50 per cent of its beer sales to supermarkets since VAT was increased from 8 per cent more than 30 years ago. ...
Scotland could thrive on its own, says Wetherspoon boss image
Source : Guardian [Read Article] Friday 12th of September 2014 08:47:32 AM
....He said he had not yet spoken to Scotland's first minister, Alex Samond: "If they do get independence, he will be hearing from me within 24 hours," he added, with a chuckle. Martin highlighted the VAT disparity between supermarkets and pubs as the biggest danger to the pub industry in the UK. ...
Wetherspoon boss: Business leaders and politicians talking 'nonsense' on Scotland  image
.... . But Mr Martin warned the pub industry still faced a considerable threat from "the VAT disparity between supermarkets and pubs" which he has previously said meant supermarkets have been able to undercut the pub industry. ...
Government to crack down on 'beer tie' pub firms image
Source : Telegraph [Read Article] Tuesday 3rd of June 2014 12:00:35 PM
.... . "The government is committed to supporting a healthy pub industry and believes that the core principles – that tenants should be treated fairly and that the tied tenant should be no worse off than the free-of-tie tenant – are critical to addressing the problems which have dogged the relationship between pub owning companies and their tied tenants," the government's consultation report said. ...

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