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4th November 2022

Pub and beer trade association responds to interest rates rising

Responding to the Bank of England raising interest rates Emma McClarkin, Chief Executive of the British Beer and Pub Association said:

“The last thing pubs and brewers want to do is put prices up for loyal customers but are stuck between a rock and hard place. The cost of running their businesses has become completely unsustainable, the price of key ingredients and utilities are rocketing, and now their customers will, understandably, be tightening their belts even further following the news of interest rates rising.

“If the Government wants to help our industry keep a trip to the pub affordable this Christmas, we need the beer duty freeze to be reinstated as soon as possible, and a wholesale look at the cost of doing business. Spiralling inflation is driving our pubs and brewers to breaking point and many more will be forced to shut their doors for good if urgent action isn’t taken to save them.”

ENDS 

For more information or to arrange an interview contact Jessie Powell at jpowell@beerandpub.com / 020 7627 9199 

Notes to editors:  

About the British Beer & Pub Association    
The BBPA represents UK companies which between them brew over 90% of the beer sold in the UK and own 20,000 pubs.  

Our members include international companies, national and local brewers and pub businesses operating managed and tenanted pubs in cities, towns and villages across the country.   

These businesses are at the heart of communities and local economies and include family businesses who have been brewing beer and running pubs for hundreds of years alongside emerging brewers and pub operators.   

·         The UK’s beer and pub industry supports close to 940,000 jobs  

·         The industry adds £26.2billion to the UK’s economy each year 

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Press release from the BBPA.

For more information or to arrange an interview contact Jessie Powell at jpowell@beerandpub.com / 020 7627 9199