Around 200 pubs vanished from the streets of England and Wales in the first half of this year. A combination of the pandemic and rocketing business costs led to the total number of pubs dropping below 40,000, a fall of more than 7,000 since 2012.
According to research from the British Beer and Pub Association, British Institute of Innkeeping and UK Hospitality, only 37 per cent of hospitality businesses are making a profit.
The rising costs of energy, goods and labour have been identified as the biggest issues and the hospitality industry has called on the Government to provide more support.