2014-04-03 04:47:01 - Pubs & Bars in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
The British pub is an institution under threat. During the past decade, a series of legislative, social, economic and climatic trends have conspired to squeeze industry revenue and margins, forcing many operators out of the business. A ban on smoking in public places and the beer duty escalator, which has increased the tax payable on a pint of beer by 42.0% since 2008, have hurt patronage.
Pubs have been unable to compete with competition from supermarkets, which have exploited their rising market power to discount alcohol and introduce cheap multibuy offers. On top of this, pubs and bars have been hit hard by the economic downturn because soaring unemployment, plunging consumer sentiment and falling disposable incomes have led many to cut
back on their entertainment spending.
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