UK pubs see slight recovery, but government budget changes may threaten future growth.

UK licensed premises saw a 0.7% rise in the third quarter of 2024, marking two consecutive quarters of growth. However, the government's Autumn Budget, which increased National Insurance contributions, has dampened industry confidence, raising concerns about future growth and profitability. The recovery, especially for independent businesses, remains fragile, with pubs seeing a slight increase after years of decline. The government plans to cut business rates from 2026 but industry leaders worry this may not fully offset the budget's negative impacts.

November 18, 2024
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