Penny off a pint fallacy…

I always thought that Chancellors were supposed to make the most of cuts whilst glossing over rises. Instead, George Osborne, managed to get a tax cut recognised at a quarter of its value.

We will now scrap the beer duty escalator altogether.

And instead of the 3p rise in beer duty tax planned for this year I am cancelling it altogether.

That’s the freeze people have been campaigning for.

But I’m going to go one step further and I am going to cut beer duty by 1p.

We’re taking a penny off a pint.

It’s actually a 4p reduction on what it was supposed to be.

But, if you want to read a better idea of what this cut might mean to the brewing industry, including saving 5,000 jobs this year alone, have a read of The Beer Story from the British Beer and Pub Association which is probably a far better summary than you’ll get from elsewhere.





About Ben Saunders

I'm a Chartered Tax Adviser and a freelance writer. This is my personal blog about, well, mainly taxation. I might put other stuff in. Who knows.
This entry was posted in Beer, Budget 2013. Bookmark the permalink.

1 Response to Penny off a pint fallacy…

  1. Reblogged this on Ben's white space entries and commented:

    This blog post appears to be as valid today as it was this time last year…

    [NB The BBPA have updated their page too so the 5,000 jobs saved claim isn’t there any more, but you still get the general idea.]

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