The scale of these closures is completely avoidable because pubs are doing a brisk trade. Consumer demand is there, however, profits are being wiped out with sky high bills and pubs are facing yet more rates and costs come April.
Tim Martin, businessman and the founder and chairman of Wetherspoons, stated: "The gradual recovery in sales and profits, following the pandemic, has continued in the current financial year." This indicates a trend towards better performance despite many closures.