Pubs and breweries will face huge financial losses, make no profit, and even have to permanently shut their doors if the energy bill relief scheme is not extended for them beyond March 31, 2023.
New research by Frontier Economics has shown that energy bills returning to their regular rate post-March would put pubs and brewers at a loss of 20% on average. The report showed energy costs were currently the biggest threat to their viability, and would be even more lethal when the relief scheme ended in April.
Pubs and breweries are also being hit hard by inflation, which is pushing up the cost of food, drink, and other key commodities. Many businesses have already implemented changes to reduce their costs, such as reducing their opening hours and making changes to their menu.
