Survey Shock: 7,000 Pubs on the Brink
Recent polling indicates that more than 7,000 pubs in the UK are at risk of going out of business within the next year. The survey also reveals that four out of five pubs have experienced a significant decline in profits due to a decrease in customers.
Pressure Mounts on Chancellor to Cut Booze Duty
With 97% of pubs facing higher bills, the pressure is on Chancellor Jeremy Hunt to consider slashing booze duty for all alcohol types in the upcoming Budget. A poll conducted by Survation for the UK Spirits Alliance shows that 83% of pubs believe that a duty cut would positively impact their business.
Industry Calls for Support
Stephen Russell, co-founder of Copper Rivet distillery and spokesperson for the UKSA, expressed concern over the high number of pubs at risk of closure and emphasized the need for greater support from policymakers. Neema Rai, owner of London's Tamesis Dock and Battersea Barge floating pubs, urged the government to back a duty cut on spirits to help revive the struggling hospitality industry.
Green Initiatives Adding to Pubs' Burden
In addition to financial challenges, struggling pubs are now facing hefty bills to adopt environmentally friendly practices, adding to their financial woes.
Did you miss our previous article…
https://hellofaread.com/money/seven-ways-to-save-money-on-your-daily-cuppa-as-tea-and-milk-prices-drop/
