Decline in pub beer sales slows
Commercial insurance
7th August 2009
Pub beer sales fell by 4.5 per cent over second quarter of 2009, but the recent decline appears to be slowing, new figures have revealed.
According to data published by the British Beer & Pub Association (BBPA), the figures for the three months were an improvement on the 7.8 per cent drop recorded in the first quarter, something that may be of interest to pub insurance customers.
David Long, chief executive of the BBPA, remarked: "The new figures give some ground for cautious optimism that some speck of faint light may be appearing at the end of the tunnel."
He urged the government to reconsider its plans to further increase VAT on beer in January in order to stimulate the pub trade, which he claimed has the potential to become a "strong engine of recovery" for Britain's economy.
In related news, licensing minister Gerry Sutcliffe recently claimed that pubs will benefit from new legislation that streamlines the process of making small alterations to licensed premises.
For more information on how Giles can help you with your business insurance, Click here.
