Pub firm Enterprise Inns has welcomed the granting of Royal Assent yesterday to the Small Business Enterprise & Employment Bill, which paves the way for the future introduction of a Statutory Code and an independent adjudicator.
The move follows a defeat late last year for the Government in the House of Commons, which saw MPs vote in favour of an amendment which will allow landlords an independent rent review and to buy their beer on the open market.
Enterprise Inns, as well as other pubcos with more than 500 tied pubs such as Punch Taverns and Admiral Taverns, will be affected by the move.
In a statement this morning, Enterprise Inns chief executive Simon Townsend said:
"Royal Assent brings greater certainty as we continue to work with our publicans and develop ways of working to accommodate the forthcoming Statutory Code. We look forward to participating in the future consultation to ensure that details of secondary legislation - the Statutory Code itself - are workable and build on the progress made to date".