Pubs and Bars
Number of hospitality company insolvencies up 59% in a year
Recent data found that an estimated seven in ten pubs believe they will not survive the rising cost of living and increasing energy bills, according to the Morning Advertiser. A further 8% of pubs said they had an increase in utility costs of more than 500% and 65% had an increase of at least 100%.
The number of hospitality company insolvencies has risen by 59% over the past year amid spiralling cost pressures, according to figures from the Insolvency Service.
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