""If you look at the cost rises we've faced, more than half of that is down to bad policy and that it is all sucking cash out of businesses like ours. "If the Government isn't throwing road blocks in front of pubs, we will grow and invest. "The sector is full of opportunity and it is still an attractive area but decisions from Government have absolutely made things harder, and it is important to move on from recent negativity.""
""Shepherd Neame is a strong business with fabulous pubs and well recognised brands. "The company has delivered a solid performance against a challenging backdrop for the sector with consistent outperformance of the market in pub trading, whilst absorbing further cost inflation, in particular in labour and logistics.""
Bad policy decisions and recent budget measures, including increases to employer national insurance and the national minimum wage, have raised operating costs for pubs. More than half of recent cost rises are attributed to policy changes, draining cash from pub businesses. Reduced regulatory and policy pressure would enable pubs to grow, invest and capitalise on sector opportunities. Some pub companies report strong brands, solid trading performance and market outperformance while absorbing inflation in labour and logistics. The sector remains attractive but requires fewer policy roadblocks to support recovery and investment.
Read at London Business News | Londonlovesbusiness.com
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