Budget 2013: Beer duty cut cheers East Yorkshire pubs and breweries
GLASSES are being raised across East Yorkshire's pubs and breweries after the Chancellor announced he would be scrapping the controversial beer duty escalator.
Introduced in 2008, the escalator saw beer duty automatically increase by two per cent above inflation every single year.
Since its introduction, more than 5,800 pubs have been forced to call last orders for good, however George Osborne today confirmed the escalator was to be scrapped.
There will instead be a 1p cut in duty on a pint of beer.
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Matthew Hodgson, who in 2006 launched Great Newsome Brewery on his family farm in South Frodingham – described the announcement as "fantastic news".
He said: "The industry has lobbied long and hard to scrap this tax. I was at a beer exhibition in Sheffield last week and there was no mention of it being scrapped there – I'm not sure anybody was expecting it, but it will support businesses like ours as well as pubs and also ancillary businesses.
"This is the first time since we started the brewery that we are going to have to look at dropping prices rather than increasing them."
Mike Benner, CAMRA chief executive added: "This is a momentous day for Britain's beer drinkers.
"This decision will keep the lid on the cost of a pint down the pub and what could have been the final nail in the coffin for our pubs has been decisively avoided in a move that will spark celebration in pubs across the UK."
Mr Hodgson also welcomed the freeze on fuel duty.
He said: "Being rurally based, we are noticing the impact of higher fuel prices, so a freeze on the escalator will certainly be welcomed by all rural businesses."
Despite the good news for beer drinkers, planned rises for other alcohol duties will be maintained.