December 6, 2023

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Over 150 pubs have shut this year as energy bills soar

2 min read

More than 150 pubs closed for good in England and Wales during the first three months of this year as soaring energy bills and other costs pushed many operators over the edge.

Analysis of official government data by the commercial property firm Altus Group found that 51 pubs were lost each month in the first quarter of 2023 – almost two a day.

That compares with 32 pubs a month disappearing on average across last year, and takes the overall number of pubs in England and Wales by the end of March, including those vacant and being offered to let, down to 39,634.

However, the fear is that the rate of closures will only accelerate, in part because the government’s energy support package has been hugely scaled back from the start of this month.

Simon Cleary, who runs the Plough at Great Chesterford, near Saffron Walden in Essex, said he reluctantly took the decision to shut his doors at the end of April after his gas and electricity bills almost tripled from £13,000 a year to £37,000 a year.

“Initially we were very upset, but honestly, that’s more turned into relief now. It’s got to a point where it’s become unprofitable, and for the last few months we have been unable to pay ourselves a wage, meaning we have been working for nothing. We just can’t carry on with these bills.”

Cleary, who has run the 150-year-old pub for the last five years, said his January gas bill alone was more than £2,100 compared with £460 for the same month a year earlier. He will hand the lease back to the pub’s owner, Greene King, and it will be up to that firm to decide whether the pub will reopen under new management.

“We are lucky in that we have somewhere else to go. Lots of landlords lose their home as well when their business fails,” Cleary said.

The British Beer and Pub Association has warned that the average energy bill for a pub will rise by £18,400 a year from the start of this month, after the government made its support scheme for firms less generous.

Business Matters

2023-04-11 03:04:19

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