Decline in high street businesses no surprise says CAMRA

Commenting on the latest closure figures from PwC, reporting the decline in high street businesses, CAMRA Pub and Club Campaigns Director, Gary Timmins said: 

“Sadly, these figures come as no surprise. CAMRA’s own data shows that while the numbers of pubs lost to redevelopment has slowed slightly in recent years, pub businesses are cycling through owners at a higher rate than ever before. More and more communities are facing shuttered pubs as licensees struggle to stay profitable.  

“The upcoming Budget gives the Chancellor opportunity to make a real difference to UK high streets. Sticking to the Labour manifesto promise to reform Business Rates in England and cutting the draught duty rate on pints in pubs would give pub businesses a much-needed boost, giving communities confidence in the long-term future of their local.”