Money's Too Tight To Mention

Some welcome news as the government announces an expansion of its Enterprise Finance Guarantee scheme. Under this initiative pubs can apply for emergency loans of up to £1 million, with the government guaranteeing 75% of the cash. Initially, tied pubs were excluded from applying, but this ban has now been lifted. Hopefully, some of the £1.3 billion available will now get to those pubs that really need it.

Although to be applauded, it’s only part of the measures that are needed to sustain the on-trade. And the government hasn’t been overly helpful, seemingly more interested in closing pubs rather than keeping them open. Hence I had to smile when Licensing Minister Gerry Sutcliffe came out with “Pubs are often the lifeblood of communities and I am keen to do what I can to help while are hard.” Sssh, don’t tell Alistair Darling.


Paul Garrard said…
Whilst the Bank of England are printing money they can print and distribute free beer vouchers to the masses then give the pubs the money when thay cash in the vouchers. That's what I call quantitative easing!

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