Further supplementary memorandum submitted
by Nigel Wakefield
I did say in my last letter that I would inform
the Select Committee regarding my meeting with a Director of Enterprise
Inns and his investigation into over renting on several pubs suffering
extreme hardship, as yet none have heard anything about a permanent
rent review or even any form of enquiry. To be fair these pubs
do not come under this particular Director's area.
Since putting my submission in, two of the so
called leading Rent Valuers who spoke at the BII Rent Road Shows,
one I was extremely critical of, have now publicly admitted in
the press that rent assessment on lower end pubs needs revising,
they cannot admit that the whole system is open to abuse because
of the RICS Valuation Document and raising doubts about the credibility
of the RICS, but the lower end will be a start, be assured the
problems run right through all levels, the only reason that the
high turnover pubs are not being included in their statements
is that they have a slightly bigger financial cushion than low
level turnover pubs and the visible effects are not so obvious.
I spoke to the CEO of the BII yesterday, I will
be surprised if you get any comment from the BII because the Enquiry
comes under a Trade Dispute which would appear to be outside their
conditions regarding Charitable.