PUBS face widespread closures if hit within the Funds, an business boss has warned — as many make simply 12p revenue per pint.
David McDowall has urged Chancellor Rachel Reeves to throw the licensed commerce a lifeline subsequent week.
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Landlords have had a 75 per cent discount in enterprise charges since Covid.
However that is because of finish in April and shedding it could price them an additional £2.5billion, figures present.
Mr McDowall, chief exec of the Stonegate Group which incorporates the Slug & Lettuce and Yates’s, stated publicans had confronted a storm of challenges because the pandemic.
They embody excessive inflation, hovering vitality prices and stress on shopper spending.
He famous the British Beer and Pub Affiliation just lately revealed boozers make 12p revenue per pint.
Mr McDowall added: “Landlords don’t have any extra to present.
“Eradicating that fee aid would show very pricey for pubs, bars, eating places and cafes.”
Senior hospitality business figures have additionally requested the Chancellor to increase the freeze on alcohol responsibility — resulting from finish on February 1.
The Treasury stated it was pledged to assist companies akin to pubs.
