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      <image:caption><![CDATA[Number crunching: RSM UK's Saxon Moseley describes the beginning of 2026 as a 'tough start' for the trade]]></image:caption>
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      <image:caption><![CDATA[Government announcement: last month (January) saw the Government reveal changes to business rates]]></image:caption>
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      <image:caption><![CDATA[ANALYSIS: What does 2026 hold for the pub property market? ]]></image:caption>
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      <image:caption><![CDATA[Pledge made: Labour promised business rates reform in its manifesto during the run-up to the general election in 2024]]></image:caption>
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      <image:caption><![CDATA[Business rates change: there have been reports the Government is set to water down business rates rises for pubs]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/12/17/why-the-2026-business-rates-revaluation-could-devastate-uk-pubs/</loc>
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      <image:caption><![CDATA[Fair valuation: 'Britain’s pubs do not need special treatment, but they need a valuation system rooted in economic reality,' says Ryan's Alex Probyn]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/11/18/hospitality-insolvencies-stabilise-as-businesses-await-christmas-boost/</loc>
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      <image:caption><![CDATA[Official data: the number of hospitality company insolvencies flattened in September]]></image:caption>
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      <image:caption><![CDATA[Trade demand: the BBPA calls on the Government for support at next month's Budget in light of closure figures and the impact of shuttering sites on loneliness]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/10/27/500-large-hospitality-and-retail-venues-at-risk-from-proposed-business-rates-surcharge/</loc>
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      <image:caption><![CDATA[Alarm sounded: trade bodies have warned the proposed business rates surcharge for large properties puts hundreds of businesses at risk of closure]]></image:caption>
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      <image:caption><![CDATA[Number crunching: the number of licensed premises fell by 0.6% in the 12 months to September, new data found]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/10/03/wet-led-pub-operators-expand-to-10-sites-with-200k-investment-in-upton-arms/</loc>
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      <image:caption><![CDATA[Cash injection: the £200,000 joint investment to refurbish the Upton Arms starts this week]]></image:caption>
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      <image:caption><![CDATA[Number crunching: the latest closure figures found more than 200 pubs shut in the first half of the year]]></image:caption>
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      <image:caption><![CDATA[Industry reaction: there is a direct link between pubs shutting for good and the huge cost hikes they have recently endured, BBPA boss Emma McClarkin says]]></image:caption>
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      <image:caption><![CDATA[Iconic pub: Two years since Crooked House fire in Staffordshire ]]></image:caption>
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      <image:caption><![CDATA[Market monitor: late-night venue numbers are down by a quarter since 2020 but up by 2% in the past 12 months]]></image:caption>
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      <image:caption><![CDATA[Site closure: the pub cannot sustain itself in its current format, the operator said]]></image:caption>
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      <image:caption><![CDATA[Historic pub: Ye Olde Swiss Cottage (pictured) protected for next five years ]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/04/29/anger-as-justice-for-crooked-house-pub-delayed/</loc>
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      <image:caption><![CDATA[Justice not served: Campaigners vent anger after appeals to rebuild Crooked House pub delayed]]></image:caption>
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    <lastmod>2025-04-24T10:23:35.919Z</lastmod>
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      <image:caption><![CDATA[Number crunching: venue figures rose between December 2024 and March 2025]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/04/14/new-business-rates-reform-law-becomes-law/</loc>
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      <image:caption><![CDATA[Association reaction: UKH boss Kate Nicholls called the move a 'landmark moment"']]></image:caption>
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      <image:caption><![CDATA[Awaiting answer: a decision on the planning application has not yet been made]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/03/26/greene-king-takes-on-the-tarbet-in-edinburgh-as-nest-pub/</loc>
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      <image:caption><![CDATA[Property: This week's round-up features Greene King, Admiral and more
]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/03/25/how-much-will-business-rates-rise-for-pubs-from-april/</loc>
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      <image:caption><![CDATA[Rising costs: from 1 April, business rates will rise by 140%]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/03/14/pub-property-market-trends-for-2025/</loc>
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      <image:caption><![CDATA[Sector analysis: experts have revealed the trends in the property market]]></image:caption>
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    <loc>https://www.morningadvertiser.co.uk/Article/2025/03/12/the-european-pub-in-leyton-opens-after-refurbishment/</loc>
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      <image:caption><![CDATA[Remarkable Pubs: The European opens in Leyton]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/03/10/caledonia-pub-liverpool-permanently-closes-due-to-rising-costs/</loc>
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      <image:caption><![CDATA[Difficult decision: the closure of the Caledonia was announced on social media]]></image:caption>
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      <image:caption><![CDATA[The Schooner Inn reopens with Star pubs]]></image:caption>
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  <url>
    <loc>https://www.morningadvertiser.co.uk/Article/2025/02/12/the-britannia-in-guilford-undergoes-300k-investment/</loc>
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      <image:caption><![CDATA[Shepherd Neame: invest significant funds into the Britannia]]></image:caption>
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      <image:caption><![CDATA[The Britannia: Shepherd Neame invests significant funds into Guildford site]]></image:caption>
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      <image:caption><![CDATA[Group expansion: Paul and Emma Ainsworth have taken on the St Enodoc Hotel in Rock, Cornwall]]></image:caption>
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      <image:caption><![CDATA[All the latest moves: this week's round-up includes Hydes, Parker Pub Co, Roxy Leisure and more]]></image:caption>
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      <image:caption><![CDATA[VIP experience. guests were invited to tour Heartwood Collection's new site. Image/ Credit]]></image:caption>
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      <image:caption><![CDATA[Revealing figures: based on current trends, CAMRA data showed just over 1,200 pubs are likely to close this year (image: Getty/charinporn thayot)]]></image:caption>
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      <image:caption><![CDATA[Government statement: the Chancellor is set to deliver the Budget on Wednesday 30 October]]></image:caption>
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      <image:caption><![CDATA[Property: This weeks round up includes  Admiral Taverns, Arc Inspirations, Star Pubs, Mongomery Group and more]]></image:caption>
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      <image:caption><![CDATA[Sustainable focus: the 55k Tonnes has taken over the Speaker in Westminster]]></image:caption>
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      <image:caption><![CDATA[Property round-up: This weeks feature includes Young's, Punch Pubs, Manahatta, DGB Hospitality Group, and more]]></image:caption>
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      <image:caption><![CDATA[Rapid decline: NTIA data shows devastating number of late night venue closures so far this year (Credit:Getty/Flashpop)]]></image:caption>
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      <image:caption><![CDATA[Critical: action needed in budget to secure long-term viability of the sector (Credit:Getty/onfilm)]]></image:caption>
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      <image:caption><![CDATA[Report reveals: two chain pubs shut their doors on a daily basis in the first half of this year, research has found (image: Getty/vittaya25)]]></image:caption>
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      <image:caption><![CDATA[Site closure: no reopening is planning for the pub and it is set to be boarded up, according to a social media post (image: Getty/leminuit)]]></image:caption>
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      <image:caption><![CDATA[Profitable growth: Admiral Taverns procures more than 50 sites in five months (Credit:Getty/mikdam)]]></image:caption>
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      <image:caption><![CDATA[Right to respond: one operator has hit back following a negative review of his new business before the doors had opened (image: Anya Berkut)]]></image:caption>
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      <image:caption><![CDATA[Difficult run: Drinks sales continue to slump (Credit:Getty/E4C)]]></image:caption>
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      <image:caption><![CDATA[Hospitality must make the effort: Dianne Irving believes the attitude of some pubs is damaging the whole sector]]></image:caption>
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      <image:caption><![CDATA[Property: this week's round-up incudes Robinsons Brewery, Star Pubs, Admiral, Open Brewers and more]]></image:caption>
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      <image:caption><![CDATA[Rollercoaster summer: drinks sales in decline for second consecutive week (Credit:Getty/Nastasic)]]></image:caption>
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      <image:caption><![CDATA[Mixed bag: outlet numbers have increased despite people staying away from the on-trade after riots (credit: Getty/andresr)]]></image:caption>
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      <image:caption><![CDATA[Positive news: the number of hospitality sites is up again (credit: Getty/LeoPatrizi)]]></image:caption>
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      <image:caption><![CDATA[Drinks Tracker: Sales back in decline due to unpredictable weather and civil unrest (Credit:Getty/SubstanceP)]]></image:caption>
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      <image:caption><![CDATA[Property: this weeks round up features Heartwood, Fleurets, Fullers and more]]></image:caption>
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      <image:caption><![CDATA[Can the drink sales trend continue? Hot weather is the catalyst (credit: Getty/AleksandarGeorgiev)]]></image:caption>
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      <image:caption><![CDATA[Aims and dedication: CAMRA reiterates calls for action on one-year anniversary of the Crooked House ‘scandal’]]></image:caption>
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      <image:caption><![CDATA[Legacy: China Hall pub saved after public inquiry ]]></image:caption>
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      <image:caption><![CDATA[Property: this week's round-up features Thornbridge, Heartwood, Greene King, Star and more]]></image:caption>
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      <image:caption><![CDATA[Official data: insolvencies were up in the 12 months to May 2024 (image: Getty/Kanizphoto)]]></image:caption>
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      <image:caption><![CDATA[Property: this week's round up features Star Pubs, Greene King, Dodo and more]]></image:caption>
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      <image:caption><![CDATA[Data analysis: pub and bar company insolvencies increased by 30% in the year ending 30 April (image: Getty/Alexander Sanchez)]]></image:caption>
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      <image:caption><![CDATA[Closing time: some 472 pubs called last orders for the final time during the financial year from 1 April 2023 to 31 March 2024, according to Altus Group (image: Getty/mauro_grigollo)]]></image:caption>
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      <image:caption><![CDATA[Drinks tracker: Sales down 1% in the week to 1 June (Credit:Getty/kelvinjay)]]></image:caption>
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