Data reveals significant increase in pub closures across England and Wales amid financial pressures.
New government statistics show a dramatic rise in the closure of pubs, with 239 establishments either demolished or repurposed between January and March 2024. This equates to around 80 pubs shutting down every month, representing a 56% increase in closures compared to the same period in 2023. Over the past year, 472 pubs have vanished, a clear indication of the mounting financial strain on the sector.
A combination of high energy costs, inflation in food and drink prices, and a heavy tax burden on hospitality businesses are seen as the main contributors to these closures. Many pubs are being converted into homes, offices, or nurseries, reducing the number of places for communities to gather.
According to Altus Group, the total number of pubs in England and Wales stood at 39,162 by the end of March 2024, down from 39,401 at the close of 2023. The North West of England saw the greatest number of closures, with 35 pubs lost in just three months.
Emma McClarkin, Chief Executive of the British Beer and Pub Association (BBPA), has stated that high operating costs, combined with the sector’s heavy tax burden, are contributing to the closures. With pubs having to pay £1 in every £3 spent to the taxman, the BBPA has called on the government to reduce beer duties and reform business rates in the upcoming General Election.
Political parties have made promises to address business rates, but pub owners are pushing for more detailed and timely solutions to ensure the survival of their businesses.
