Beer prices could rise by 50p per pint across UK

By Gary Lloyd contact

- Last updated on GMT

Desperate to recover: soaring inflation costs could add 50p to the price of a pint
Desperate to recover: soaring inflation costs could add 50p to the price of a pint

Related tags: Finance, Freehouse, Tenanted + leased, Multi-site pub operators, Pubco + head office, Beer

Ballooning inflation costs may force pubs to rise pint prices by 50p across the UK while Londoners may have to pay £7 for a pint.

The warning that pints may go up in price by some 10% comes as the hospitality sector is desperate to return to normal business post-Covid.

Although British Beer & Pub Association statistics put the average price of a pint at £4.07 in the UK, it says those in the capital have to fork out £4.84. However, finder.com puts the average London pint price at £5.50.

Price hike higher than estimated

Previously, boss of City Pub Group Clive Watson said inflation in the pub sector was running at between 7% and 9% and the business had locked in 70% of its drinks supplies on a three-year fixed-cost deal in a bid to control costs but Watson told the Evening Standard​ prices were still likely to rise.

He said the price of a pint could increase by 40p, higher than an estimate of 30p given last October, and a burger would rise by £1.50.

To cap the rise in beer prices, trade bodies and industry leaders have previously called for VAT to remain at 12.5% ahead of a rise of up to 20% in the spring.

Return to office working

Although firms are now asking staff to return to work, ending months of working from home, industry insiders claimed parts of the hospitality sector had seen sales fall to 85% of pre-pandemic levels in December for London and the south-east.

He told the Evening Standard​: “The sector is desperate to recover but there are still bumps in the road. To get Britain back to work, so to speak, is absolutely vital for hospitality.

“A lot of businesses, including our own, do rely on people being back at their desks and coming into London. That’s a really key driver going forward.”

Related topics: Legislation

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