Facebook X (Twitter) Instagram
    Sunday, October 1
    Trending
    • Jamie Carragher explains why Arsenal, Chelsea and Liverpool snubbed move for Tottenham star James Maddison
    • Getafe blast rival fans for chanting ‘Greenwood, die’ at Mason Greenwood
    • Jurgen Klopp gives injury update on Trent Alexander-Arnold ahead of Liverpool vs Tottenham
    • Man Utd confirm Antony return amid domestic abuse allegations
    • Eddie Howe issues injury update on Alexander Isak, Sven Botman and Callum Wilson after Newcastle United beat Manchester City
    • Kim Kardashian eviscerated for bombshell about Kourtney’s kids and secret WhatsApp group
    • Ed Sheeran: Autumn Variations review – seasonal melancholy and the 5 songs that will be huge hits
    • Idris Elba calls for crackdown after schoolgirl Elianne Andam, 15, stabbed to death in Croydon
    Login
    WTX News
    Facebook X (Twitter) Instagram YouTube
    Subscribe
    • Live News
      • US News
      • EU News
      • UK News
      • Politics
      • COVID-19
      • Business
      • Tech zone
    • World news
      • Middle East News
        • UAE News
        • Palestine News
      • Europe
        • Italian News
        • Spanish News
      • Africa news
      • South America
      • North America
      • Asia
    • News Briefings
      • UK News Briefing
      • World News Briefing
      • Live Business News
    • Sports
      • Football News
      • Tennis
      • Women’s Football
    • MY World
      • Climate Change
      • In Review
      • Expose
      • Special Reports
        • Conscience Convoy
        • Rohingya Report
    • Entertainment
      • Insta Talk
      • Royal Family
      • Gaming News
      • TV Shows
      • Streaming
    • Lifestyle
      • Fitness
      • Fashion
      • Cooking recipes
      • Luxury
    • Travel
      • Culture
      • Holidays
    WTX News
    Home » Blog – Latest News Today
    Food and Drink

    Pubs, bars and restaurants’ average bills have surged by 81% over the past year

    UK NewsBy UK NewsMay 29, 2023Updated:May 30, 20232 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    SEC 158207065 bc13 vLfaX8 - WTX News Breaking News, fashion & Culture from around the World - Daily News Briefings -Finance, Business, Politics & Sports
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Less than a third of businesses are optimistic for the next year

    Pubs, bars and restaurants’ energy bills have risen by 81% over the last year as firms plea to the Government for support.

    Only 29% of hospitality businesses are optimistic about their future after energy price increases, as well as more expensive food and wage bills.

    Business owners said they are particularly concerned about energy costs, with 86% of firms saying it was a worry.

    The data was collected by CGA by NielsenIQ on behalf of the British Institute of Innkeeping, UKHospitality, the British Beer and Pub Association and Hospitality Ulster.

    It comes around a year since energy bills rocketed after the Russian invasion of Ukraine sparked a sharp uptick in gas prices.

    As a result, many firms were forced into long-term fixed-rate contracts last year which have weighed on profitability and resulted in closures.

    Last month, analysis of official Government data by the Altus Group found more than 150 pubs have disappeared for good from English and Welsh communities over the first three months of 2023

    This represents a 60% jump on levels from last year.

    Rising energy costs and wage costs have meant pubs have been forced to close (Picture: AFP via Getty Images)

    The trade bodies have joined forces to warn that more venues will shut for good if cost pressures do not ease soon.

    In a joint statement, the organisations said: ‘The energy crisis has been pushing pubs, bars and restaurants to breaking point for a year now.

    ‘Put simply, this data is extremely worrying for thousands of otherwise viable hospitality businesses.

    ‘The Government must recognise this crisis isn’t just crippling businesses now. Left unresolved it will have a lasting wider impact long into the future, impacting local employment, supply chains and removing essential community hubs from villages, towns and cities across the whole of the UK.’

    Get in touch with our news team by emailing us at [email protected].

    For more stories like this, check our news page.

    Less than a third of businesses are optimistic for the next year. 

    Business News Business news in the uk cost of living crisis Pubs UK politics
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    UK News

    Related Posts

    UK on track for record tax levels, IFS think tank says

    UK on track for record tax levels, IFS think tank says

    September 29, 2023
    England's single-use plastics ban does not tackle takeaway boxes, warns Greenpeace

    England’s single-use plastics ban does not tackle takeaway boxes, warns Greenpeace

    September 29, 2023
    UK economy grew faster than estimated since Covid

    UK economy grew faster than estimated since Covid

    September 29, 2023

    Leave A Reply

    You must be logged in to post a comment.

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Contact Form Demo

    More from WTX News
    The latest gaming news - with game reviews and tips and tricks. updated 24 hours a day.
    Recent Posts
    • Jamie Carragher explains why Arsenal, Chelsea and Liverpool snubbed move for Tottenham star James Maddison
    • Getafe blast rival fans for chanting ‘Greenwood, die’ at Mason Greenwood
    • Jurgen Klopp gives injury update on Trent Alexander-Arnold ahead of Liverpool vs Tottenham
    • Man Utd confirm Antony return amid domestic abuse allegations
    • Eddie Howe issues injury update on Alexander Isak, Sven Botman and Callum Wilson after Newcastle United beat Manchester City
    wtx news brings you the latest news, a UK news briefing, Sports analysis, and premier league news with a special round-up of Business and crypto updates
    Facebook X (Twitter) TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • News Briefing
    • Live News

    Company

    • About WTX News
    • Community
    • Join the revolution
    • Contact
    • Advertising
    • GDPR Policy
    • Privacy

    Services

    • Fitness for free
    • Insta Talk
    • Climate Change
    • In Review
    • Expose
    • Newsletters
    • Work With Us

    Subscribe to Updates

    Get the latest news from WTX News about News, Lifestyle, and business.

    Contact Form Demo

    Copyright WTX News 2023

    • Privacy Policy
    • Terms

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Lost password?

    Register Now!

    Already registered? Login.

    A password will be e-mailed to you.