BUSINESS LIVE: When Sunak cuts the beer tax, the pub’s share will increase. The UK economy will return to pre-pandemic scale by the end of the year.Announced reduction of business fees to improve real estate
Shares in pub groups like Weatherspoon and Marston soared this afternoon after Rishi Sunak announced that it would lower draft beer and cider taxes.
It comes when the Prime Minister announces a major review of the UK’s alcohol tax as part of his fall budget.
Official forecasts also show that the economy is recovering faster than expected, with this year’s growth rate revised from 4% predicted by the Budget Responsibility Department in March to up to 6.5%.
Much of Rishi Sunak’s budget has already been revealed to the press, and the Treasury will release more than £ 30 billion in spending.
BUSINESS LIVE: Pub share rises as snacks cut beer tax
https://www.dailymail.co.uk/money/markets/article-10135181/BUSINESS-LIVE-UK-set-optimistic-budget-THG-woes-continue.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 BUSINESS LIVE: Pub share rises as snacks cut beer tax