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Energy crisis fuels pub deaths

2023-02-13T09:28:26.992Z


The sharp rise in the cost of electricity and gas is also taking its toll in the UK. According to a study, the number of pub bankruptcies has doubled in the past year.


Enlarge image

Closed pub in London (here a recording from the time of the Corona lockdowns 2020)

Photo: Yui Mok / dpa

Last orders: According to an analysis, the number of pub bankruptcies in Great Britain rose sharply in 2022.

512 pubs had filed for insolvency, the British news agency PA quoted on Monday from a study by the auditing firm UHY Hacker Young.

In 2021, the number of bankrupt bars was only 280.

Many restaurant operators were struggling with the sharp rise in energy costs as a result of the Ukraine war, the reasoning was given.

In addition, after years of the corona pandemic, many pub owners no longer have any reserves.

In addition, many customers are currently staying away because of the high inflation, because they themselves have to tighten their belts.

The long-lasting rail strikes also played a role: fewer commuters came.

demands for government assistance

UHY expert Peter Kubik spoke of an “extremely worrying situation.

In addition to the financial consequences for owners and employees, the loss of a pub also hits communities hard,” said Kubik.

For many Britons, the pub is a kind of relocated living room.

In many communities, the inns are a center of social exchange.

"After a prolonged period of lost revenue during the pandemic, the cost-of-living crisis was the final nail in the coffin for many."

UK pub deaths are a long-term trend.

It had started long before the pandemic.

The reasons include the smoking ban, cheaper alcohol in the supermarket or changed drinking habits.

In addition, landlords complain about British beer taxes, which are among the highest in the world.

The result: in 2022 the number of pubs in England and Wales fell below 40,000 for the first time.

beb/dpa

Source: spiegel

All business articles on 2023-02-13

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