More than one in ten British pubs are at imminent risk of closure, with 11% of the UK’s pubs classed as technically insolvent and facing maximum credit risk, according to analysis by accountancy firm Price Bailey.
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Inflation is down, but prices are still the highest they have ever been for alcoholic drinks in the UK, adding to existing pressures for wine. Jo Gilbert reports on exclusive data.
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Pub closures reached back-to-back quarterly records in Q2 2023, smashing the previous unwanted benchmark set in Q1.
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The Bank of England’s decision to increase the base rate to 5% is a stab in the eye to under pressure businesses and struggling consumers. It would be hard enough to swallow if it were the right medicine for the illness. When it is based on a misdiagnosis it is unacceptable.
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Information for businesses on how to access the Chancellor's various support packages can be found at www.gov.uk
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