Chancellor Jeremy Hunt’s ‘Brexit pub guarantee’, as announced in his first budget yesterday, has been met with confusion by the hospitality industry.
Hunt announced yesterday that tax on draught beer in pubs will be frozen from August 1. He said that duty on a pint in a pub will be ‘up to 11p lower than the duty in supermarkets, a differential we will maintain as part of a new Brexit pubs guarantee’.
He went on: “British ale may be warm, but the duty on a pint is frozen.” However, behind the buzzy 'Brexit' related headlines, some operators have pointed out that the ‘small print’ doesn’t quite read that way.
Duty is in fact set to increase by £225 million across the sector later this year. Read more: All the best ways to celebrate St Patrick's Day 2023 “When the chancellor said he was going to support pubs, you kind of thought ‘well that’s good’,” brewer William Lees-Jones, managing director of JW Lees, told the Manchester Evening News. “Then when you read the small print, duty would appear to be going up by 10 percent, which is the current rate of inflation, which is astronomical. “What the chancellor’s done, I’m not going to say he’s lied, but he’s used a lot of smoke and mirrors.
Read more on manchestereveningnews.co.uk
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