Energy costs threaten survival of UK pubs

The number of insolvencies surged over 80% last year, according to research data A growing number of British pubs are closing down due to rising energy bills and inflation, data published by accountancy firm UHY Hacker Young has shown. According to a report from the company, 512 pub and bar companies collapsed in the UK last year amid the cost-of-living crisis, up from 280 in 2021. The firm says the number of such insolvencies jumped as much as 83% in 2022. “The cost-of-living crisis, including interest rate rises, has impacted consumer habits, making them less likely to spend on ‘non-essentials’, including a drin

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