Beer drinkers face 5p RISE in cost of a pint after increase in pub business rates

The rise in the rate, which is set to happen from the beginning of April, is believed to effect more than 17,000 pubs across the UK, according to business rent and rates specialists, CVS. 

One pub in Stoke-on-Trent, Staffordshire faces a 19 per cent increase in its business rates. 

The British Beer and Pub Association chief executive, Brigid Simmonds, has revealed the new rates will see a 10 per cent hike. 

This is roughly a 5.3p rise in the price of a pint of beer.

A spokesman for CVS explained: “17,160 pubs will pay 19.55 per cent more in rates come April for 2017/18 than they did in 2016/17. 

“The rateable value used to calculate the tax payable was £721.87million in 2010 for these 17,160 pubs and this has increased to £1.034.46million under the new 2017 list. So for these 17.160 pubs that will all see rises their property values havegone up 43.3 per cent by £312.59million. 

“These 17,160 pubs paid £359million in rates druing 2016/17. Even allowing for the effects of transitional relief to cushion increases in April 2017/18 they will pay £429.17million ie a one year increase of £70.17million or a 19.55 per cent increase. 

“Over the full five years of the revlauation, given the different levels of transitional relief and inflationary increases based on OBR forecasts, the full five year increase compared to 2016/17 will be £629.35million.

Pub landlords will also face a rise in costs from the higher national living Wage and the start of the Government’s Apprenticeship levy. 

Brigid told The Sun: “The Government says it wants to be on the side of small business so we need action now. 

“Our pubs are at the heart of our social lives, and unless pubs get relief from huge rate rises, many more will be in very serious trouble.” 

The new business rates are a reflection of the change in property prices over the last seven years. 

This comes after business rates fell for major supermarkets. 

Kate Nicholls, head of the pubs lobby group ALMR, also told The Sun: “Untimely and crippling increases in business rates are treating to squeeze the life out of many pubs.” 

Just last month, it was announced Freddo chocolate bars could see a price increase of 20 per cent in the coming months. 

The price of Freddos has been rising over the last few years, and now the Cadbury favourite’s price tag could increase further. 

US food manufacturing giant Monselez, which owns Cadbury, labelled the increased price of the chocolate frogs as a “last resort”, according to The Guardian. 

The bar, which weighs 18g could jump from 15p to 30p. 

A Mondelez spokesperson spoke to Express.co.uk about its pricing: “It is well reported that food and drink manufacturers have been experiencing increasing input costs for some time, which coupled with recent foreign exchange pressures, are making food products more expensive to make. 

“For example, the price of cocoa, which we import into the UK, is up by over 50 per cent since 2013. 

“We having continue to, carry these increased costs within our business as much as possible, because our priority is to keep our brands as adorable as we can.”

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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