UK Pub Industry Struggles Despite Government Support
The UK's pub industry is facing a tough time, with closures continuing despite recent government efforts to ease the burden. The Campaign for Real Ale (Camra) points to increased home drinking and reduced alcohol consumption among younger people as key factors. Pubs are also grappling with a 'triple whammy' of high Beer Duty, VAT, and business rates, leading to an overpayment of around £500m per year.
The number of pubs in the UK has fallen significantly in recent years. From over 54,000 in 2010, the number dropped to 43,000 by 2017. In 2018 alone, nearly 1,000 pubs shut their doors, with about 76 closures each month. Reduced spending on going out, cost pressures, and tax burdens have all contributed to this decline.
However, the government has taken steps to support the industry. In 2018, they reduced business rates for pubs, and in April 2019, they introduced a new valuation system to further lower the tax burden. A new retail discount, introduced on 1 April, will help independent licensees in small premises by slashing rates bills by a third. These changes have benefited the industry, with over 1,500 fewer pubs liable to pay rates.
Despite these efforts, pub closures continue to be a concern. Camra attributes this to changing drinking habits and high taxes. The government's support has helped ease the decline, but more may be needed to protect the UK's pubs.
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