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Pubs go bust at highest rate in a decade

More pubs in Britain went bust between April and June than in any quarter for more than a decade.

Accountancy firm Price Bailey said 223 pub businesses had entered insolvency in the second quarter of this year, up from 200 between January and March. Since last summer, 729 pubs have gone under, 80% more than in the previous 12 months.

The firm said that, due to the “large number of zombie businesses” in the sector, it expects pub failures to rise throughout the second half of 2023.

The Times (£)

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