Tuesday, July 7, 2015

Beer Tax Kills 1/4 UK Pub Revenue

After the last crash, labour taxed pubs to raise revenue for bank bailouts.

The 1.3 per cent rise in 2014 followed nine consecutive years of decline, which saw beer sales slide by an astonishing 24 per cent – 6.7 million fewer pints sold, per day.
It was mainly due to Labour’s beer duty escalator which ran from 2008 and 2013 and saw beer tax rise by 42 per cent, leading to 7,000 pubs closing and the loss of 58,000 jobs.
However after two historic cuts in beer duty by Chancellor George Osborne the industry has begun a resurgence.

And now that the tax is repealed, beer sales are returning.  On the next crash, whose property will be seized/destroyed by taxation?

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