BusinessCompany NewsBDO weighs cost of smoking ban

BDO weighs cost of smoking ban

Accountancy firm BDO Stoy Hayward has spelled out the consequences for the pub trade of the proposed ban on smoking in England and Wales.

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Some 32,000 pub and bar jobs could be lost under smoking ban, along with 7.6% of customers and £230m in profits, according to an impact study carried out for the firm by the centre for economic and business research.

Shay Bannon, business recovery and restructuring partner at BDO Stoy Hayward, pointed out that Dublin alone lost 2,000 jobs in a population of over one million when Ireland introduced a ban.

‘Those in the licensed trade will need to think hard as how to pre-empt and recoup any potential loss in revenue rather than ignore what could lie ahead,’ she said.

‘We do not think that the proposed ban means bad news for all businesses affected, but that losses will be felt by those businesses who do not prepare sufficiently.’

BDO said it planned to challenge the Department of Trade with its findings to make sure the impact on business was not overlooked.

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