Greg has welcomed the Chancellor’s announcement in the 2021 Autumn Budget that duty on draught beer will be cut.
The government will now consult on a new, simplified system for alcohol duty, which will include a 5% future cut in the duty paid on draught beer. Greg has previously called for such a cut and has lobbied the Chancellor to include it in his Autumn Budget.
Speaking in response to the Chancellor’s announcement, Sir Greg said: “This is good news for pubs, and I am pleased that the Chancellor has listened to calls to reduce the duty on a pint of beer to help them.
I am pleased that beer duty has also been frozen for yet another year. The changes to the alcohol duty system will result in the biggest beer duty cut for 50 years.”
“In addition, the Chancellor has also announced a new 50% business rates discount for businesses in the retail, hospitality, and leisure sectors, which will cover the tax year 2022-2023. This will also help tourist areas like East Yorkshire.”
Sir Greg has previously been acknowledged as a ‘Beer Champion’ by the British Beer & Pub Association for helping to secure beer duty cuts in previous budgets. He is a supporter of the ‘Long Live the Local’ campaign.