Small Independent Brewers say “this round is on us” to the Chancellor Rishi Sunak MP
Commenting on the Chancellor’s 2020 Budget, James Calder, SIBA Chief Executive said:
“The UK’s pubs and small brewers are likely to be some of the hardest hit by Coronavirus. So we are massively relieved to see the package of measures announced by the Chancellor to support us today.”
“With a freeze in beer duty, the government has shown it is backing Britain’s independent brewers, pubs and drinkers. Independent craft breweries are at the heart of our communities, creating local jobs and supporting the economy. They’ll be plenty of raised glasses toasting the Chancellor’s decision this week in our towns and cities and in Liverpool where the UK’s brewers are gathered together this week for our conference, BeerX.”
He went on to say:
“Increasing pub rates discount from £1k to £5k, and abolishing retail business rates for small businesses below a rateable value of £51k and expanding it to include lesiure and hospitality sectors will make a huge impact for our sector. Freezing fuel duty, coupled with a global drop in oil prices will also mean making those deliveries in the brewery van remain affordable.”
Commenting on the confirmation that the long awaited Small Breweries Relief Review will be announced in Spring, James said;
“The results of the long awaited SBR review will be announced later in the year, with a wholesale review of all alcohol duties in the Summer. Small brewers need certainty so they can plan for the year ahead. We need positive reform of SBR, much like we’ve had positive support today to allow that to happen.”
The key measures within the Chancellor’s Budget for small brewers include:
1. A freeze in beer duty
2. Results of the SBR review to be announced in Spring
3. A full review into the alcohol duties system for wine, spirits, cider and beer in the Summer, with consultation.
4. Statutory sick pay for employees affected by coronavirus in small businesses to be paid for by the Government, for up to 14 days.
5. Grants available of up to £3k for businesses hit by Coronavirus
6. The Business Rates retail discount increased to 100% for 2020/21. This will also be expanded to include the leisure and hospitality sectors and guidance will be issued to local authorities shortly.
7. Pub specific rate relief will climb from £1k to £5k
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For further information contact press@siba.co.uk
