The British Beer and Pub Association (BBPA) has put the future of the British brewing industry at the heart of its submission to chancellor George Osborne ahead of this month’s Budget.
The BBPA is leading the industry’s lobbying of the chancellor, highlighting the fact that latest data shows total UK alcohol consumption is lower than it was 10 years ago and action is required to protect the British brewing industry.
According to the BBPA, the figures also show a trend away from lower-strength drinks such as beer towards stronger drinks. Beer producers say that after over a decade of unfavourable tax treatment for beer, the new consumption figures add to the case for the government to end the beer duty escalator, and freeze beer duty in the 23 March Budget.
The BBPA also says that when it comes to this week’s call from the chancellor for policies that support UK manufacturing, “he could hardly pick a better place to start than Britain’s brewing industry, with its unique variety of British-based products.”
Showing posts with label Budget News. Show all posts
Showing posts with label Budget News. Show all posts
Sunday, March 20, 2011
Monday, May 17, 2010
Pub Trade Fear The Emergency Coalition Budget
The Publican is Reporting that the first Budget under the new coalition government will be unveiled on June 22.
Chancellor George Osborne today confirmed the date of the emergency Budget, which the Tories had promised within 50 days of taking power.
Many in the pub trade fear a hike in VAT will be included in Osborne’s first Budget speech in Parliament.
During an interview on the BBC’s Andrew Marr show yesterday, Prime Minister David Cameron did not rule out a rise in VAT.
On alcohol duty, it remains unclear whether the government will push ahead with Conservative plans to raise taxes on super-strength beers, ciders and “alcopops”.
The Lib Dems previously promised to review the system around alcohol tax to ensure it tackles “binge-drinking”, without “unfairly penalising responsible drinkers, pubs and important local industries”.
They also vowed to review the beer duty escalator and “explore the possibility” of a preferential rate of duty for draught beer.
However Osborne said today the “bulk” of measures to reduce the deficit would be spending cuts, not tax rises.
Chancellor George Osborne today confirmed the date of the emergency Budget, which the Tories had promised within 50 days of taking power.
Many in the pub trade fear a hike in VAT will be included in Osborne’s first Budget speech in Parliament.
During an interview on the BBC’s Andrew Marr show yesterday, Prime Minister David Cameron did not rule out a rise in VAT.
On alcohol duty, it remains unclear whether the government will push ahead with Conservative plans to raise taxes on super-strength beers, ciders and “alcopops”.
The Lib Dems previously promised to review the system around alcohol tax to ensure it tackles “binge-drinking”, without “unfairly penalising responsible drinkers, pubs and important local industries”.
They also vowed to review the beer duty escalator and “explore the possibility” of a preferential rate of duty for draught beer.
However Osborne said today the “bulk” of measures to reduce the deficit would be spending cuts, not tax rises.
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