Commenting on today’s Budget Will Hawkley, Head of Leisure at KPMG in the UK said:
“Today’s announcement will have independent publicans beaming from ‘beer to ear’ as alcohol duty is frozen and business rates are set to be slashed by a third for businesses with a rateable value of less than £50,000.
“The Great British Pub industry has had a tough few years which has seen a number of closures across the country. However we have seen a return to favour of wet-led pubs recently, with a particular focus on craft, local and small batch drinks, many of which are produced by yet more UK small businesses.
“Venues which are not part of a chain and are an integral part of their community, providing local jobs, local supply chain and a hub for the surrounding area, are set to benefit most from this. This benefit is likely to be paid forward to punters allowing the cycle of trade to continue and hopefully flourish.”
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