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Pubs & Bars in the United kingdom Industry Industry Investigation Report Now Up to date by IBISWorld

by admin on December 15, 2012


London, United Kingdom (PRWEB) December 14, 2012

The British pub is an institution beneath risk. The Pubs &amp Bars business has been facing a tough trading environment, which began with legislative alterations that vastly enhanced working fees and culminated in the crippling economic recession in late 2008. The ban on smoking in public spots, elevated alcohol duties, especially on beer, food inflation and increasing employment costs due to raises in the minimal wage proved tough for industry operators. In addition, the financial downturn induced near-historic levels of unemployment and remarkable falls in customer investing and self-assurance. This resulted in unprecedented amounts of pub closures, with practically seven pubs and bars shutting down every day over 2008-09. According to IBISWorld industry analyst Michael Grosz, in spite of the unforgiving climate, operators that have diversified their offerings into regions such as meals and accommodation have remained resilient. Above the 5 years through 2012-13, market income is expected to decline at a compound annual fee of 1.five% to

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