More than one in ten British pubs are at imminent risk of closure, with 11% of the UK’s pubs classed as technically insolvent and facing maximum credit risk, according to analysis by accountancy firm Price Bailey.
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New analysis has revealed that thousands of Scottish hospitality businesses will be left unsupported if a rates relief isn’t included in the Scottish Budget tomorrow (19 December).
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The Scottish Beer & Pub Association (SBPA) and the Scottish Licensed Trade Association (SLTA) have issued a joint appeal to support their sector after it emerged that English businesses will receive a 75% reduction in rates bills for the financial year 2024-25.
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The UK Spirits Alliance (UKSA), representing hundreds of small businesses across the UK, has called on the government to back hospitality and distilleries by freezing duty on spirits at the Autumn Statement.
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Ahead of the Autumn Statement on 22 November, senior figures in the wine industry are voicing their concerns amidst fears of a second alcohol duty rise in the space of four months.
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Wine and spirit businesses are calling on the chancellor to freeze alcohol duty until the end of parliament, when Jeremy Hunt delivers his Autumn Statement on 22 November.
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