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11.04.2023 - 17:41 / manchestereveningnews.co.uk
More than 150 pubs have closed down permanently since the beginning of the year, according to new data, as business utility bills rocket following the end of the government cap on energy prices.
One industry association has noted the ‘extortionate costs’ facing the sector, adding that more pubs are now closing than during the pandemic. 153 pubs closed between January and March, while 386 closed during the whole of last year, according to figures from commercial property data firm the Altus Group.
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The British Beer and Pub Association has said that the average annual energy bill for pubs this year will rise by a staggering £18,400. Meanwhile, cases of pubs being demolished or redeveloped have risen by 60%.
Emma McClarkin Chief Executive of the British Beer and Pub Association said: “Energy bills are decimating our sector with extortionate costs wiping out profits and closing pubs at a faster rate than the pandemic. Pubs that were profitable and thriving before the energy crisis are being left with no option but to shut up shop.
“We have been raising the alarm for months that energy costs are posing an existential threat to pubs across the country and these figures are evidence of that.
“It is essential that the Government intervenes to ensure energy suppliers are offering the option of renegotiation to pubs locked into unmanageably high energy contracts. Make no mistake, the longer this goes on the more pubs will be lost forever in communities across the country, something must be done immediately to save them.”
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Tweeting about the shocking new figures, Manchester’s night time
Prime Video Picks Up Karl Lagerfeld Doc
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