Introduction: The number of pubs in England and Wales fell below 39,000 this year
Hello and welcome to our rolling coverage of business, financial markets and the world economy.
The number of pubs in England and Wales has fallen again, with the trend of public houses disappearing from local communities accelerating by 2024.
High Groupa real estate trading company, reports this morning that 412 restaurants were demolished or converted to other uses last year. That takes the number of pubs in operation across England and Wales up to 38,989, below 39,000 for the first time.
P. owners have warned that rising costs and changes to the alcohol duty system have made it harder to work, while the rise in the price of a pint even at pub joints.
The sector also fears a hangover from the board in October 2025. Altus Group’s Alex Probyn says:
“Many taxpayers I speak to are very worried that this last Christmas they may be given a combination of hiking the amount employers will have to pay in National Insurance, increases to the minimum wage and business rates cut from 75% to 40% in 2015.
The unemployment industry has also been badly hit by the Covid-19 pandemic, leading to a sharp drop in the number of nightclubs in operation, dropping from 1,700 in 2013 to approximately 787 as of June this year.
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Key events
He left Mexico with a 500m-long tequila lake after being caught on demand
In other alcohol-related news, Mexico has a 500m-long tequila lake as demand for the spirit declines.
The Financial Times reports this morning that Mexico has more than half a billion liters of tequila sitting in inventory, which is almost the entire year’s production.
The data shows that about a sixth of the 599mn liters of tequila produced last year was missing, sitting next to the 525mn liters that Mexico already had in inventory by the end of 2023.
This tequila lake is growing because of the backlash of the spirits pandemic in the US, as consumers cut back on drinking.
Bernstein analyst Trevor Stirling says:
“Much more new spirit is being distilled than is being sold, and inventories are beginning to accumulate.
“The tequila industry is set to be very turbulent in 2025.”
Some inventories are in the process of aging – but distillers are also at risk because Donald Trump is imposing new tariffs on Mexico, making it harder to sell tequila to the US market.
Industry officials recommend easing the tax burden by following This is the latest drop in pub numbers.
by Emma McClarkChief executive British Bera and Pub Companysays:
“Breweries and restaurants pour billions into the economy and support more than a million jobs,” so we know that closings can have such a devastating impact on the nation’s coffers and the market.
“For the country’s economy to remain strong and to continue to be the heartbeat of our communities, the Government must quickly deliver stable and meaningful business reforms.
“We are ready to help the Government bring in much-needed change that will break down the barriers that prevent our sector from contributing more savings and using more than ever before.”
Introduction: The number of pubs in England and Wales fell below 39,000 this year
Hello and welcome to our rolling coverage of business, financial markets and the world economy.
The number of pubs in England and Wales has fallen again, with the trend of public houses disappearing from local communities accelerating by 2024.
High GroupThe real estate trading company reports this morning that 412 restaurants were demolished or converted to other uses last year. That takes the number of pubs in operation across England and Wales to 38,989, below 39,000 for the first time.
P. owners have warned that rising costs and changes to the alcohol duty system have made it harder to work, while the rise in the price of a pint even at pub joints.
The sector also fears a hangover from October 2025. High Group’s Alex Probyn says:
“Many taxpayers I speak to are very worried that this last Christmas they may be given a combination of hiking the amount employers will have to pay in National Insurance, increases to the minimum wage and business rates cut from 75% to 40% in 2015.
The unemployment industry has also been badly hit by the Covid-19 pandemic, leading to a sharp drop in the number of nightclubs in operation, dropping from 1,700 in 2013 to approximately 787 as of June this year.