New figures from the Office for National Statistics suggest that less than a quarter of pubs are confident that they will survive the next three months and still be in business by the end of summer 2021.
This worrying figure implies a high amount of UK pubs fear closure is on its way.
Compared to all other types of company at 44% confidence, pubs are at just above half. Though it should be noted that when looking at statistics from October 2020 (6%) and February 2021 (1%), this mere 22% is actually somewhat an improvement!
Pubs are now able to open and serve food and drink both inside and outside, but many report significant profit losses in the last month alone.
It has also been revealed that players within the hospitality, retail and leisure industry are facing high levels of debt as the economy reopens. There are complaints that the government support during the pandemic for this industry was not adequate and all in all £2.5bn of rent debt amounted.
During the UK lockdowns, when pubs were closed, many staff were put on furlough. At the peak, in November 2020, 91% of all pub/bar staff were on furlough. In May 2021 this figure was 55%, compared to 8% of the UKs wider workforce.
You can find the full report by the Office for National Statistics here.