Pubs and Restaurants under pressure

Have you noticed bars and restaurants closing in your area recently?

Transcript

00:00You're looking at round about five to six pound a pint now in the northeast of England. It's

00:07Almost bordering on London prices. It's pretty ridiculous. I think people

00:13we could do with a bit of over tourism because a lot of the businesses are

00:20Tread bare

00:22Majorly the prices are high

00:23But if you like like in some places, it's not that high but in some places actually high

00:29As a student I'm saying if you're earning that's fine

00:32But if you're not earning and just like a student as a like me then it's little high

00:36Restaurants and bars closing down left right and center over the last 10 years

00:40It's people open up and they haven't it's basically rents and rates

00:46They're

00:47Huge so I mean to rent some of these places and you could be looking at

00:53£100,000 a year rates just for some of these shops. We can say around us now in Durham. It's ridiculous