Rate of UK pub closures has slowed to two per day

The number of pubs closing in the UK has slowed to two per day after years of rapid decline, according to new figures.

Around 616 pubs have “disappeared” since April 2017, when the government last adjusted the rateable value of business properties to reflect changes in the property market, according to real estate advisory Altus Group, equating to around two closures per day.

Four years ago, the figures were much steeper. Figures released by The Campaign for Real Ale (CAMRA) found that UK pubs were closing at a rate of 29 per week in 2014.

Since then, a number of initiatives have been launched by CAMRA alongside MPs to ease the rate of decline in the on-trade.

Back in March the treasury announced it would ease business rates for 90% of pubs, providing a £1,000 discount to business rate bills for all properties with a rateable value below £100,000.

Chancellor Phillip Hammond announced that this discount would remain in place in the November budget, alongside a duty freeze on beer, wine and spirits.

The results showed that both the rate at which pubs are closing down and the rate at which they are converted into other types of property has also eased, reports The Caterer.

“The increase in the thresholds at which pubs pay business rates coupled with the additional £25m of rates relief has, undoubtedly, stemmed the decline,” said Alex Probyn, Altus’ uk president of business rates.

3 Responses to “Rate of UK pub closures has slowed to two per day”

  1. sheila white says:

    Business rates relief is a help but why do we still pay 20% VAT when France pays 10? It basically means one fifth of any profit goes direct to government. Legalised robbery!!

  2. butcher says:

    France is irrelevant 20% VAT is still Legalised robbery!!

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

We encourage debate in the comments section and always welcome feedback, but if you spot something you don't think is right, we ask that you leave an accurate email address so we can get back to you if we need to.

Subscribe to our newsletters

Key Account Manager

MMI Maldives

Financial Controller

London City Bond
Barking, UK

Duty Manager

The Whisky Exchange
Great Portland Street, London

Spirits Advisor

The Whisky Exchange
London, UK

International Sales Manager

Elixir Distillers
Park Royal, London, UK

Brand Marketing Executive

Elixir Distillers
Park Royal, London, UK

Cellar Door Manager

House of Townend
Melton, North Ferriby, UK

Marketing Assistant

Bancroft Wines Ltd
London, UK

Marketing Manager

The Whisky Exchange
Whitby Avenue, Park Royal, London NW10 7SF

Millésime Bio 2020

27th Jan 2020

Maisons Marques et Domaines Annual Tasting

London,United Kingdom
29th Jan 2020

Austrian Wine Tasting

London,United Kingdom
3rd Feb 2020
Click to view more