Summer Budget – BBPA welcomes tax cuts for business

On Trade 4.1 - with text.Still003

Brigid Simmonds, Chief Executive of the British Beer & Pub Association, comments on the Summer Budget:

“There are some very welcome measures for beer and pub businesses, with the cut in Corporation Tax, reductions in the cost of Employers National Insurance, and the rise in the Annual Investment Allowance.

“Some of the measures, such as the Living Wage and reductions in tax credits, will have a knock-on
effect on the cost of employment for pubs, so the tax cuts announced today are a welcome and necessary balancing measure.

“As well as the tax cuts announced, we will be looking to see that the Government continues to support brewing and pubs in other parts of the tax system, such as through future action on business rates and further cuts in beer duty, which are a big help to pubs.

Notes to editors:

• The beer and pub sector supports 870,000 jobs – 44 per cent are under 25s
• 82 per cent of the beer sold in Britain is made in Britain
• One job in brewing generates 18 jobs, in pubs, one in agriculture, one in the supply chain and one in retail.

The British Beer & Pub Association is the leading body representing Britain’s brewers and pub companies. The Association is more than a century old and was originally founded as the Brewers’ Society in 1904. Our members account for some 90 per cent of beer brewed in Britain today, and own around 20,000 of the nation’s pubs.