Pub Companies Debate

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Department: HM Treasury
Tuesday 21st January 2014

(10 years, 3 months ago)

Commons Chamber
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None Portrait Several hon. Members
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rose

Baroness Primarolo Portrait Madam Deputy Speaker (Dawn Primarolo)
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Order. A large number of Members wish to take part in the debate, which is due to finish at 4 o’clock, including the Front-Bench winding-up speeches. I ask each Member to speak for no more than 10 minutes, including interventions, so that we can fit everybody in. If that does not happen, there will have to be a time limit.

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Baroness Primarolo Portrait Madam Deputy Speaker (Dawn Primarolo)
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Order. I gently remind the hon. Gentleman that I asked Members to speak for 10 minutes so that we would not need a time limit and everybody could get in. He has now been speaking for 17 minutes, and other Members might not get in as a consequence. I would be grateful if he could reflect on that and perhaps draw his remarks to a conclusion.

Greg Mulholland Portrait Greg Mulholland
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I apologise, Madam Deputy Speaker. I allowed my enthusiasm to get the better of me.

To conclude, these are the death throes of this model, but the Government must act to save hundreds of pubs. Punch Taverns is teetering on the brink. It is in discussion with bondholders that might anyway lead to its demise. Luckily its tenants and lessees have their rights, but they also need the right to a fair share of their pub profits. It is time we had a decision. I welcome the chance to give the Government the necessary nudge—that is what this is about—but let us come back and discuss this again when we get their response. They must now listen and their response must be the right one.