"The scale of these closures is avoidable because pubs are doing a brisk trade, but their profits are wiped out by a disproportionate tax burden and huge costs."
"For too many, the sheer weight of taxes and regulatory costs have forced them to shut up shop, which will only hurt communities, workers, and the wider economy."
"Ministers have attempted to stem the tide, rolling out a 15pc business rates relief for pubs and music venues last month after warnings that further fiscal pressure could trigger a wave of closures."
"The BBPA is now calling for a fundamental overhaul of business rates and a wider rethink of how hospitality is taxed, warning that without deeper reform, the pace of closures could accelerate."
Britain is experiencing a significant decline in pubs, with 161 closures in the first quarter of the year, a 26% increase from last year. This has resulted in an estimated loss of 2,400 jobs, particularly affecting younger workers. The British Beer and Pub Association attributes these closures to high taxes and regulatory costs, despite pubs maintaining brisk trade. Government measures, such as a 15% business rates relief, have been deemed insufficient. Industry leaders are calling for a comprehensive reform of business rates and hospitality taxation to prevent further closures.
Read at London Business News | Londonlovesbusiness.com
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