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UK pubs, Wales hit record low, research show

In the first half of this year, the number of pubs fell below 40,000 and exceeded 7,000 from 10 years ago.

From the end of December to the end of last month, a total of 200 pubs are called "last orders," said Altus Group, a real estate advisor.

He added that the pub, which has been the center of the British community for centuries, has been demolished or converted into a home or office.

The analysis is conducted after the pub trade and the wider hospitality sector have been hit by a slump in business due to the blockade of a series of coronaviruses and the limitation of social distance.

Throughout the public health crisis, industry groups have sought more financial support from the government to support affected companies and prevent many from hitting walls.

However, pubs are facing new challenges due to inflation, which is currently at its highest level in 40 years.

"Pubs have proven to be highly resilient during a pandemic, but new headwinds to tackle costs to solve the business crisis through rising energy costs, inflationary pressures and tax increases. "We are facing," said Robert Hayton, UK President of Altus Group. ..

Apart from industry associations, the British Beer and Pub Association (BBPA), UKHospitality and British Institute of Innkeeping show that only about one-third (37%) of the hospitality business is profitable. Suggests.

Increased costs of energy, commodities and labor have been blamed.

BBPA Chief Executive Officer Emma McClarkin said: Country. "

She urged the government to act at the risk of losing more pubs each year.

The UK is public over wages and conditions as living costs rise. Faced with the outlook for a wave of strikes in the sector.

Pub owners say a series of strikes by railroad workers also hit trade.