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The Red Lion historic thatched village pub, Avebury, Wiltshire, England, UK
(Geography Photos/Getty Images)

Britain is on track to shed more than one pub a day this year

Rising costs and lower spending are hitting the UK’s drinking establishments.

The UK has a serious drinking problem… The number of places where you can do it is slumping further with each passing year, per data from the British Beer & Pub Association (BBPA). 

Losing boozers

This year, the country is expected to lose some 378 watering holes, with independents and huge chains alike struggling in 2025 as minimum wage rises, increases to National Insurance contributions, changing preferences, energy costs, business rates, and low-spending drinkers all combine to cut the pub count further. 

Like a pint at last orders, the trend over the last two decades has only been going in one direction: down.

UK pub closures chart
Sherwood News

If the BBPA’s estimate for 2025 holds, the UK will have shed over 26.6% of the public houses it had in the year 2000, when you were still allowed to smoke in pubs and the leader of the opposition was infamously reminiscing about the days when he’d drink 14 pints a day. Indeed, cultural shifts might explain much, with as many as 28% of young adults in the UK reporting in 2021 that they didn’t drink alcohol.

Draught dodgers

Admittedly, rising prices at the pumps certainly haven’t helped matters either, giving would-be punters another excuse to stay home, perhaps enjoying a few cans of beer from the supermarket instead at a fraction of the cost.

Pint prices chart
Sherwood News

Beer in particular has been getting more expensive in British pubs, per another dataset from the BBPA. At the start of the century, you could get a pint of beer for just £1.90 on average in pubs up and down the country, with lager costing a little more at £2. In 2024, a pint of ale (including stouts like Guinness) set you back £3.94 on average, while lager cost an eye-watering £4.82 — and not far off double that in London — as average pint prices in the UK hit £4.52 overall last year.

What’s more is that the BBPA estimated that the average price of a pint of lager might have spilled over the £5 mark earlier this year, too, leading the beer authority to plead with the government to explore ways to “cap or reduce” the costs associated with running a pub in 2025. Maybe the ice that more than a quarter of 18- to 35-year-olds are reportedly putting in their pints is to cool their heads as much as their beers.

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US and Iran trade strikes overnight amid peace talks

Hours after President Donald Trump dismissed a report regarding a deal to restore traffic through the Strait of Hormuz, the US and Iran exchanged fresh strikes early on Thursday.

Despite an ongoing ceasefire as the countries hold talks to end the conflict, the US carried out new strikes inside Iran, The Guardian reports, prompting a retaliatory attack from Iran on a US airbase in Kuwait.

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Tom Jones

The UAE’s OPEC exit will hit the group in the barrels

After just shy of 60 years in OPEC, its membership even predating its status as a nation-state, the United Arab Emirates yesterday announced its shocking departure from the oil production group, effective May 1, as the knock-on effects of the Iran war continue to play out across the Middle East and the energy landscape.

For context, the UAE produces the third-highest amount of oil in the group, per April data and OPEC’s latest set of annual statistics.

According to the cartel’s 2025 Annual Statistical Bulletin, the OPEC group was collectively exporting some 19 million barrels of crude oil a day last year, with the United Arab Emirates accounting for some 14% of that daily output.

UAExit means UAExit

The nation, whose energy minister told Reuters yesterday that the decision was taken “after a careful look at current and future policies related to level of production” and wasn’t made following discussions with any other country, made up a healthy share of the group’s total confirmed crude oil reserves, as well.

OPEC exports chart
Sherwood News

Of the 12 nations in the core group, which was founded by just five oil superpowers back in September 1960, only two (Iraq and Saudi Arabia) exported more barrels of crude oil daily, pumping out 3.36 million and 6.05 million barrels, respectively, each day to nations around the world.

For its part, the UAE said it will “continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions,” per the official state news agency. Clearly, the nation now wants a little more control of just how much oil it can pump around the world, with the UAE having to eat a large proportion of lost revenues due to its healthy abundance and OPEC restrictions.

According to the cartel’s 2025 Annual Statistical Bulletin, the OPEC group was collectively exporting some 19 million barrels of crude oil a day last year, with the United Arab Emirates accounting for some 14% of that daily output.

UAExit means UAExit

The nation, whose energy minister told Reuters yesterday that the decision was taken “after a careful look at current and future policies related to level of production” and wasn’t made following discussions with any other country, made up a healthy share of the group’s total confirmed crude oil reserves, as well.

OPEC exports chart
Sherwood News

Of the 12 nations in the core group, which was founded by just five oil superpowers back in September 1960, only two (Iraq and Saudi Arabia) exported more barrels of crude oil daily, pumping out 3.36 million and 6.05 million barrels, respectively, each day to nations around the world.

For its part, the UAE said it will “continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions,” per the official state news agency. Clearly, the nation now wants a little more control of just how much oil it can pump around the world, with the UAE having to eat a large proportion of lost revenues due to its healthy abundance and OPEC restrictions.

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