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UK pubs fear for future as £650m Covid losses forecast for December


Pubs expect December sales to be as much as 90% lower than last year, costing the industry £650m and fuelling concern that vast parts of the sector will disappear for good. December is typically the most lucrative month of the year for the UK’s ailing pub sector, accounting for as much as a quarter of annual profit, thanks to Christmas parties and New Year’s Eve festivities. However, the British Beer and Pub Association (BBPA) said its forecasts showed pubs would sell 270m fewer pints than usual over the period, with only one in five of the UK’s 47,200 pubs expected to be open. “I’d be stunned if sales across the industry were any better than 10% or 20% as good as last year,” said Chris Jowsey, the chief executive of Admiral Taverns, which has 1,000 pubs across the UK. “It’s not unusual for lots of pubs to make anywhere up to 25% of their profit in December. For a lot of smaller pubs it’s really important because it carries you through the lean months of January and February, so it’s a bit of a disaster.”

The Guardian - December 14, 2020

View the full story here: https://www.theguardian.com/business/2020/dec/14/uk-pubs-covid-december-sales