Some welcome news for the Hospitality sector
The government announced yesterday a six month extension to the alcohol duty freeze taking it through to the summer when the new tax regime comes into effect. Given the additional challenges restaurants, pubs and bars have faced due to the train strikes and the soaring cost of living, this is extremely welcome news.
“Today’s announcement reflects this government’s commitment to responsible management of the UK economy and supporting hospitality through a challenging winter,” said Cartlidge.
“The alcohol sector is vital to our country’s social fabric and supports thousands of jobs - we have listened to pubs, breweries and industry reps concerned about their future as they get ready for the new, simpler, alcohol tax system taking effect from August.”