London pint price to £14 in three years as pubs deal with rising utility bills, rising wages and rising beer prices from brewers may reach.
The shocking findings come as drinkers face another 6% rise in beer prices next year. Soa Londoner could be paying £8.48 for a pint}
the most expensive pint in the country he paid £8 in June was.
However, due tocost pressuresit could rise to £13.98 by 2025, according to a study by annuity provider Penfold .
Heads of pubs, restaurants and hotels are Prime Minister Boris Johnson, Prime Minister Nadim Zahawi and Business Secretary Kwasi Kwarten This week, theenergy billwarned of another wave of shutdowns without urgent support}
businesses saw sales slowdown during the pandemicRising energy prices and fears of another economic recession are hitting businesses even harder as they enjoy revisiting customers.
The hospitality industry accounts for his 10% of the country's employment. However, energy price caps do not apply to businesses, so many businesses face a 300% increase in bills when they renew their rates.
The British Beer and Pub Association is calling for lower beer tariffs, lower business tax rates for pubs and an urgent energy price cap for small businesses.
Rising energy costs 81% of hospitality businesses are facing product shortages due to , wages and supply chain challenges, and nearly three-quarters report a “significant increase” in utility bills.
As a result, prices have risen 9% over the past year and are expected to rise another 6% in 2023.
Below,WetherspoonChief Tim Martin – He has directed government against food sold in pubs
Pay taxes or kill the pub, says Tim Martin
Weather in 1979 When Spoon first opened, pubs accounted for around 90% of all beer consumed in the UK.
In the distant past, few people drank at home, and pubs were the country's chief social melting pot.
Research found that 50% of people met their partners, husbands or wives locally. It's hard to imagine today. Pubs have a lot to answer, you might say.
Fast forward to 2019 and things have changed. Even before the pandemic hit, pubs lost half their beer trade to supermarkets.
Of course, the pandemic has accelerated that trend.
Supermarkets, which remained open during lockdowns in various countries and regions, temporarily took 100% of his beer sales, more or less.
We humans are creatures of habit. Once I got used to drinking at home, on the beach, in the park, or in a friend's garden, it was much harder to convince people to go back to the pub. Most envisioned, especially given the tremendous price advantage supermarkets have.
Supermarkets could subsidize the price of beer
But long before the pandemic, the respected institution of the British pub was making such a devastating blow every year.
Taxes are the easy answer.
In 1979, pubs sold relatively little food, so food purchased in pubs was subject to VAT, which was 8% at the time. Very few people noticed or complained. The food he bought at the supermarket was VAT exempt.
However, food sales in pubs gradually increased, reflecting the international trend towards eating out, while at the same time VAT soared to his 20% level today.
So, in effect, the tax cuts that benefited supermarkets got bigger and bigger.
Since food accounts for about one-quarter to one-half of the total turnover in most pubs, they charge customers more for both food and beverages than supermarkets do. had no choice.
In reality, supermarkets were able to use the VAT advantage on food to subsidize the selling price of beer (which is subject to a 20% VAT). 87}
And, as if that wasn't enough, pubs pay far more business per pint than supermarkets.
Don't be defeated by the bush. For pubs to survive and thrive in the future, they must be treated fairly. Equity means tax parity with supermarkets.
To be fair, the pub industry hasn't done much. Instead of campaigning for tax parity with supermarkets (fairness and equality are sound principles of taxation), big pub companies have for decades offered temporary help when the going gets tough. I have been campaigning for
But when things go bad, it's hard for everyone, so the populace sees a request in a bad mood as an unwarranted special supplication.
Rather than campaigning for temporary support, large pub companies should campaign for equality that everyone understands.
Don't cheat.
Pubs must be treated fairly if they are to survive, thrive in the future, generate huge numbers of jobs and huge amounts of money for the Treasury.
Fairness means tax parity with supermarkets.
Any less and the once-great British institutions will continue to decline.
