AGL 8.30 Increased By ▲ 0.44 (5.6%)
ANL 10.59 Increased By ▲ 0.24 (2.32%)
AVN 78.60 Increased By ▲ 0.70 (0.9%)
BOP 5.45 Increased By ▲ 0.06 (1.11%)
CNERGY 5.59 Increased By ▲ 0.58 (11.58%)
EFERT 80.25 Decreased By ▼ -0.55 (-0.68%)
EPCL 69.60 Increased By ▲ 1.50 (2.2%)
FCCL 15.30 Increased By ▲ 0.74 (5.08%)
FFL 6.53 Increased By ▲ 0.33 (5.32%)
FLYNG 7.18 Increased By ▲ 0.53 (7.97%)
GGGL 10.85 Increased By ▲ 0.27 (2.55%)
GGL 16.79 Increased By ▲ 0.38 (2.32%)
GTECH 8.14 Increased By ▲ 0.02 (0.25%)
HUMNL 7.04 Increased By ▲ 0.02 (0.28%)
KEL 2.99 Increased By ▲ 0.11 (3.82%)
LOTCHEM 30.77 Increased By ▲ 2.24 (7.85%)
MLCF 28.98 Increased By ▲ 2.03 (7.53%)
OGDC 82.75 Increased By ▲ 0.60 (0.73%)
PAEL 16.97 Increased By ▲ 0.32 (1.92%)
PIBTL 6.08 Increased By ▲ 0.24 (4.11%)
PRL 18.10 Increased By ▲ 1.35 (8.06%)
SILK 1.15 Increased By ▲ 0.05 (4.55%)
TELE 11.25 Increased By ▲ 0.28 (2.55%)
TPL 9.20 Decreased By ▼ -0.02 (-0.22%)
TPLP 19.88 Increased By ▲ 0.22 (1.12%)
TREET 26.46 Increased By ▲ 0.55 (2.12%)
TRG 94.60 Increased By ▲ 0.99 (1.06%)
UNITY 19.50 Increased By ▲ 0.50 (2.63%)
WAVES 14.34 Increased By ▲ 0.78 (5.75%)
WTL 1.30 Increased By ▲ 0.06 (4.84%)
BR100 4,187 Increased By 80.1 (1.95%)
BR30 15,474 Increased By 343.5 (2.27%)
KSE100 42,096 Increased By 670.9 (1.62%)
KSE30 15,883 Increased By 222.7 (1.42%)

LONDON: The number of pubs in England and Wales has plunged to its lowest ever level, according to analysis published on Monday which blames the coronavirus pandemic and soaring costs.

In the first half of this year, pub numbers dropped below 40,000 - a fall of more than 7,000 since 10 years ago.

A total of 200 pubs called "last orders" for good from the end of December to the end of last month, real estate advisers Altus Group said.

Pubs, which have been central to British communities for centuries, have either been demolished or converted into homes and offices, it added.

The artist sketching every London pub

The analysis comes after the pub trade and wider hospitality sector suffered a slump in business due to the series of coronavirus lockdowns and social distancing restrictions.

Throughout the public health crisis, industry bodies urged the government for more financial support to prop up affected businesses and prevent many from going to the wall.

But with inflation now at 40-year highs, pubs have been confronted with a new challenge.

"Whilst pubs proved remarkably resilient during the pandemic, they're now facing new headwinds grappling with the cost of doing business crisis through soaring energy costs, inflationary pressures and tax rises," Altus Group UK president Robert Hayton said.

Separate research from industry bodies the British Beer and Pub Association (BBPA), the British Institute of Innkeeping and UK Hospitality, suggests only about one-third (37 percent) of hospitality businesses are in profit.

Rising costs of energy, goods and labour were blamed.

BBPA chief executive Emma McClarkin said: "When pubs are forced to close it's a huge loss to the local community, and these numbers paint a devastating picture of how pubs are being lost in villages, towns and cities across the country."

She called on the government to act or risk losing more pubs every year.

Britain is facing the prospect of a wave of public sector strikes over pay and conditions, as the cost of living rises.

Pub owners have said a series of walkouts by railway workers have also hit trade.

Comments

Comments are closed.