Published on March 3rd, 2015 | by Alastair Gilmour0
You can cut it Mr Chancellor
The Campaign for Real Ale (Camra) is calling on Chancellor George Osborne, above, to cut beer duty for a third time in this month’s Budget speech (March 18), as a new report estimates 1,047 additional pubs would have closed if the Government had not scrapped the Beer Duty Escalator and cut beer duty in 2013 and 2014.
Camra believes a hat-trick of beer duty cuts in the last Budget before the General Election would allow the industry to continue to recover, with beer drinkers, publicans and brewers across the UK all set to benefit.
The report, produced by the Centre for Economic and Business Research, estimates that if the Beer Duty Escalator had remained in place, 750 million fewer pints of beer would have been sold in the UK this financial year; 26,000 additional jobs would not have been created, and the average price of a pint of beer (£3.04) would now be £3.20.