beer duty bbpa autumn budget

“Beer drinkers will raise a glass to the Chancellor” – BBPA hails beer duty freeze in budget

November 22, 2017
Comments off
153 Views
Share this

Responding to the Chancellor’s Budget speech, British Beer and Pub Association chief executive Brigid Simmonds said:

 

“The chancellor’s decision to freeze beer duty and cancel his planned rise is an early Christmas present for beer drinkers and pub-goers worth £117m this year and in subsequent years. It will secure over 3,000 jobs in pubs and the wider beer supply chain that would otherwise have been lost. This real-terms duty cut shows he has listened to our campaign and the concerns of pubs and pub-goers, and acknowledged the special role that beer and pubs play in the nation’s social life.

“With over 80 percent of the beer drunk in the UK brewed in the UK, he has understood the important capital investment made in the UK by our members. This is absolutely the right step towards a fairer deal for Britain’s beer drinkers and pub-goers and a vote of confidence in a very British manufacturing industry worth £23 billion to the UK economy. Beer drinkers will raise a glass to the Chancellor tonight!

“This extension of the pub-specific rate relief is also very welcome and continues to recognise the disproportionate rates burden faced by pubs. Moving from RPI increases to CPI two years earlier than planned from April 2018 is really welcome as is in the announcement on three yearly revaluations. It shows the Government is listening to our concerns and this will save pubs £37m this year alone.

“The announcement that revaluations will happen more frequently is good news too, as high rates bills for pubs often lag behind the trading realities.”

Share this
First Name
Last name
Email
Company Name