The owner of a Scots brewery has warned the price of a pint could hit £7 on average in some cities because of inflation. It comes after the Chancellor scrapped the alcohol duty freeze which could see prices skyrocket during a period where people may be less likely to spend.Alan Mahon, founder and CEO of Glasgow-based brewer Brewgooder, warned the drinks industry could be in for a "perfect storm" of challenges.He said: "I used to think ‘perfect storm’ was a cliche until we found ourselves slap bang in the middle of what the industry is facing right now.Alan explains that raw material prices for beer ingredients such as wheat and barley are rising faster than the average rate of inflation.He adds things that don't often come to drinkers' minds when they think of what goes into beer are also experiencing huge price hikes.
The brewery CEO says carbon dioxide prices are 3,000 percent higher than they were 12 months ago.This could have an impact on beer prices at pubs, bars and restaurants and may make sky-high prices "the norm rather than the exception", according to Alan.While the winter World Cup rolling into the Christmas season may provide some much-needed buzz around the industry, the CEO warns that businesses face huge challenges.Alan said: “From what we are seeing, the pressures on the industry with cost price inflation challenges and the Chancellor's scrapping of the alcohol duty freeze might make a £7 pint the norm rather than the exception in many places – particularly in bigger cities."This is bound to make a pint a relative luxury for a lot of people, something we should all be concerned about and force us all to take stock of the challenges facing the beer industry."However, he adds the beer industry is prepared
Read more on dailyrecord.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.