Photographer: Chris Ratcliffe/Bloomberg

Britain's Vanishing Pubs Serve the Economy, Not Just Beer: Chart

Britain needs to defend its vanishing pubs, says Bloomberg View’s Mark Gilbert. More than 13 percent have disappeared in the past decade and last year the number dropped to fewer than 51,000 for the first time as rising house prices spurred developers to convert them into homes and cheap supermarket beer kept drinkers away. But the industry contributes 22 billion pounds ($29 billion) to the economy, generates 13 billion pounds in annual tax revenue and employs 900,000 people, according to the British Beer & Pub Association.

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