Pub companies' great cost challenge

Pub companies' great cost challenge

A stroll through central London on any given night would give the impression that pubs are thriving as punters pile out onto the streets with a pint. A survey by the Office for National Statistics (ONS) last year found that a visit to the pub was the most popular leisure activity in the UK, with more than a third of respondents having visited one within the week. In 2016, of the £201 the average British household spent on leisure outside the house each month, £46.22 of this was spent on drinking while £86.57 was spent on eating. Over the past five years, spending on eating and drinking out has increased by 21 per cent. Now, as price inflation coupled with lack of wage growth begins to squeeze on incomes, pub companies are hoping that UK consumers will still prioritise little luxuries such as a trip to a pub in place of more extravagant treats.

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