Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Pubs face winter ‘extinction’ with some facing energy bill spike of 500 per cent

by August 23, 2022
August 23, 2022
Pubs face winter ‘extinction’ with some facing energy bill spike of 500 per cent

Pub landlords are facing an “extinction” this winter as a majority of operators said they feared being forced to shut down in the coldest months.

Some 65 per cent of publicans said they were likely to close over winter, despite a lucrative Christmas period free of Covid restrictions, when surveyed by industry title The Morning Advertiser.

Nearly three quarters of pub and bar operators said they could not afford monster hikes to energy bills, with some even seeing bills rise more than 500 per cent.

Businesses’ energy bills are not constrained with a price cap in the same way bills for households are.

Earlier this summer, the British Institute of Innkeeping (BII) said the majority of its members were experiencing a minimum 300 per cent increase in energy costs, all while venues attempt to recover from the side effects of the Covid-19 pandemic.

Venues are also facing the costs of other headwinds spiralling while struggling to recruit front and back of house staff.

Pub industry chiefs have called on the government to issue support for the sector, with calls for measures ranging from a cap on energy costs, a VAT reduction and a freeze on business rates for the next year.

Action is needed now and not when the new Prime Minister steps into the job next month, Ed Bedington, editor of The Morning Advertiser, said.

“This situation is untenable and we’re likely to see the closure of huge swathes of pubs and bars across the UK unless something is done to tackle these spiralling costs,” he added.

The government seemed to be “either missing or ignoring” the potential “loss of hundreds of thousands of jobs” due to an absence of support for pubs, he said.

Heath Ball, managing director of The Frisco Group, which operates three pubs across the South East of England, dubbed the current crisis as “a doomsday scenario.”

“This energy bill crisis comes on the back of the most testing of times as businesses try and recover from the Covid crisis and I think it poses an even greater threat to the survival of pubs,” he added.

In response to the BII’s survey, a HM Treasury spokesperson said: “We’ve stood behind the hospitality sector throughout the pandemic with a £400bn package of economy-wide support that saved millions of jobs and offered a lifeline to hundreds of night-time businesses up and down the country.”

Read more:
Pubs face winter ‘extinction’ with some facing energy bill spike of 500 per cent

0
FacebookTwitterGoogle +Pinterest
previous post
Unite union boss warns disputes will continue if workers not paid properly
next post
Usain Bolt moves to trademark signature victory pose

You may also like

Raspberry Pi shares surge after strong first update...

September 25, 2024

Is Monetary Policy the Force Behind Shifting Exchange...

January 29, 2025

Liverpool dock workers to stage two more weeks...

October 15, 2022

UK Could Finalise Gulf Trade Deal This Year,...

May 16, 2024

Healthy Profits: How To Get The Most From...

June 11, 2024

Retail sales stagnate as shoppers cut back on...

March 22, 2024

Rightmove is at home with £8m deal for...

February 1, 2024

Getting to Know You: UMi Chief Executive, Nicki...

August 1, 2022

Cybercrime and SME’s – why your business could...

December 6, 2023

Crisis communications in the modern era: How dealing...

April 3, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns Rand Paul he’s playing into ‘hands of the Democrats’ with ‘Big, Beautiful Bill’ opposition

      June 1, 2025
    • White House urges Iran to accept nuclear deal as IAEA reports uranium enrichment spike

      June 1, 2025
    • Israel hostage deal in doubt as Hamas adds demands, US envoy calls terms ‘unacceptable’

      May 31, 2025
    • Iran condemns Austria over report on advanced nuclear weapons program

      May 31, 2025
    • Michelle Obama facing backlash over claim about women’s reproductive health

      May 31, 2025
    • Hamas agrees to release 10 more hostages

      May 31, 2025

    Categories

    • Business (8,105)
    • Investing (2,000)
    • Politics (15,453)
    • Stocks (3,119)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved