A record 449 British pubs and bars have entered liquidation or administration in the first ten months of this year, City A.M analysis shows. The highest figure in more than 20 years…
Restaurants are also under pressure, with a record 1,440 closures in the same period – 125% higher than a decade ago. Wetherspoon founder Tim Martin said:
“Increased labour costs are, consequently, dramatically widening the pricing differential between pubs and supermarkets, to the anger and consternation of customers.”
And this is before Reeves imposes yet another tax raid this month. Things can only get bitter…
