The Telegraph has reported that the “perfect storm of higher taxes, business rates and wages” will push the average price of a pint of beer across the UK up to £10 within two decades.
With four pubs now closing daily and landlords facing “vanishingly small profit,” the paper reported that most venues will be forced to keep increasing prices, with drinkers in London likely to see prices hit double figures before 2036.
“In reality, things could be even worse, as the calculation assumes pubs will take only a miniscule profit of 2.5 percent by then,” stated the Telegraph. “The figures were forecast based on recent increases to wages, taxes, utility bills and the price of wholesale goods, costs that fall largely outside of a pub landlord’s control.”
“At the moment, landlords already make a vanishingly small profit on pints.”
CAMRA vice chair Gillian Hough said the potential of a £10 pint “lays bare the harsh economic climate pubs are battling.”
“Paying a double figure for a pint of cask or real cider may be unimaginable for pub-goers, but unless pubs get the support they desperately need, this will become a grim reality. Publicans never want to hike their prices, but the only other choice would be to shut their doors for good.”