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UK pub sector under serious pressure

The traditional UK pub sector is this evening under serious pressure with not only a sharp reduction in income but problems for some of the U.K.'s largest pub owners who lease their properties to landlords. The Global Pub Company is rumoured to be suffering from the financial downturn with suggestions that a restructuring package may be on the cards. This bad news comes at a time when we are seeing pubs closing every day in the UK and the traditional UK leisure sector coming under serious pressure.

There has been a major restructuring of the UK pub sector over the last decade with many properties the subject of sale and lease back arrangements allowing the original owners to raise substantial capital and new up-and-coming pub property management companies to gain enormous exposure to the sector. The sector had been thought of as one of the more secure in the UK due to the traditions of drinking establishments over many years.

The local public house has also been hit by increased taxes of late at a time when consumer income has been under pressure resulting in very difficult trading conditions. Alcoholic beverages are a popular target in each and every UK budget with tax increases year on year often at a rate higher than inflation.

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