Economies Of Ale Data Shows Glass Still Half Empty For Pubs And Bars
The ONS has released the economies of ale report using data from the Business Impacts and Conditions survey Q1 2021 hedge fund letters, conferences and more 100% of all pub and bar businesses surveyed in December said profits had decreased by more than 50%, and a third said profits had decreased by more than 50% at the beginning of May.This compares to 12% for all other businesses in December and around 9% by the beginning of May.Less than a quarter of pubs and bars say they have high confidence that their businesses will survive the next three months (23.9%), while just under half (43.8%) of ...