Financial Times FT.com

Pub trade ‘faces 4,000 closures’

By Robert Cookson

Published: November 2 2008 23:23 | Last updated: November 2 2008 23:23

More than 4,000 pubs will go out of business in the next two years as beer sales fall and higher bills crush profits, according to insolvency specialists at PwC.

Sixty-four pub businesses went bust in the third quarter – more than double the number in the same period last year and nearly triple the number in 2006.

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