Autumn Statement’s ‘lack of clarity’ on beer duty ‘adds to the uncertainty’ for brewing sector
In response to the Chancellor’s Autumn Statement, the Society of Independent Brewers commented;
“They say that no news can be good news and today we see that the Chancellor is yet to make a decision on beer duty, or whether it will increase in line with RPI. However, this lack of clarity adds to the uncertainty facing the sector as independent breweries battle significant energy increases, supply issues and a cost of living crisis.
While the extension of the retail, hospitality and leisure business rate relief support to 75% is welcome, once again small breweries are likely to miss out on this support even though they are at the heart of the hospitality sector. Previously the Government introduced the Additional Relief Fund (CARF) for those businesses, like breweries, that missed out on support and its disappointing this has not been repeated today.” Richard Naisby, SIBA Acting Chairman