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17th March 2023

Budget Comment

Responding to the 2023 Budget, Richard Bradbury, joint managing director of Theakston said: “Beer is taxed at higher levels in the UK than almost any other European nation. At a time of high inflation we are disappointed that the Chancellor has increased the excise duty rates in supermarkets and stores from August.

“However, we welcome the Government’s decision to support drinking beers in pubs. We firmly believe that pubs play a critical role at the heart of their communities, reducing loneliness and offering a place of warmth and safety during in difficult times. After the challenges faced by landlords over the past few years, we thank the Chancellor for his recognition of the value of these British institutions, and for taking a first step towards excise duty reform.”

Press release from Aberfield Communications.


Ben Ormsby