Greg Smith MP has today pledged their support for the Long Live the Local campaign to help pubs and breweries in Buckinghamrecover and thrive. Greg Smith joins over 125,000 people who have signed the petition so far, including 207 in Buckingham constituency alone.
Greg Smith MP is calling on the Government to lower VAT & Business Rates for pubs and for an overall reduction in Beer Duty. The COVID-19 pandemic has had a devastating impact on brewers and pubs throughout the UK and continues to do so as the sector tries to kickstart its recovery. The sector needs an immediate boost and the fact that a local pub adds £100,000 to its local economy, creates jobs and acts as a social hub, underlines how directly investment in the form of lower VAT, Business Rates and an overall cut to beer duty can help pubs and their communities to recover. It will also boost Britain’s world class brewing sector, a homegrown manufacturing success story that brews over 80% of the beer we drink.
Brewing and pubs in Buckingham supports 1,377 jobs and contributes £40m to the local economy. With £1 in every £3 pounds spent in UK pubs going to the taxman, British drinkers and pub goers are overtaxed and this is hampering the recovery of our cherished locals and Britain`s brewers.
Commenting on the campaign, Greg Smith MP said: “Pubs are at the heart of communities across Buckingham constituency, but with pubs bearing a disproportionate burden as a result of the pandemic the Government should consider cutting unfair taxes on pubs that are hampering their recovery. I’m supporting the Long Live the Local campaign and calling on the Chancellor to lower VAT & Business Rates for pubs and reduce Beer Duty overall at this year’s Budget to support the recovery of pubs.”
Emma McClarkin, Chief Executive of the British Beer and Pub Association said: “85% of pubs are based in community and rural areas, bringing jobs to the parts of the UK that need them most. They employ over 600,000 people, of which 43% are under 25. Cutting Business Rates, VAT and an overall reduction in Beer Duty would go a long way to helping pubs and brewers across Buckingham that are desperately trying to recover. We are very grateful to Greg Smith for their support for the Long Live the Local campaign, and hope that the Government listens to MPs across Parliament and the thousands of people across the country who are calling on the Chancellor to lower VAT & Business Rates for pubs and reduce Beer Duty overall.”