Analysis

In Focus: Commercial lines brokers have ‘key role’ to play in supporting struggling hospitality clients through turbulent times

By 2022-09-30T13:30:00

empty pub (2)

Pubs and restaurants are in a ’precarious position’ and face ’significant headwinds’ from a range of economic factors that brokers must try to mitigate as much as possible

In August, reports hit the mainstream press that nearly three quarters of British pub owners didn’t believe their businesses would survive the winter as rising energy costs and wider cost of living crisis made running their businesses financially impossible.

Since August, the government has announced support for businesses’ energy bills in the form of the Energy Bill Relief Scheme, which will provide non-domestic customers such as pubs restaurants and cafes with a discount on wholesale gas and electricity prices.

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