Buzz People

Seventy-six pubs 'shutting per month', but closure rate slowing

Nearly 1,000 UK pubs shut last year, although the rate of closures is slowing, new research claims.
About 76 pubs a month "vanished" from the communities they served in 2018, as people spent less on going out and pubs faced cost pressures, said property firm Altus Group.
But this was down from 138 a month during the previous seven years.
Alex Probyn, of Altus Group, said recent cuts to business rates had helped.
"The increase in the thresholds at which businesses, such as pubs, pay business rates coupled with the pubs discount during the last two financial years has helped ease the decline."
According to the firm's research, the number of pubs slumped from more than 54,000 to 43,000 between 2010 and 2017.
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