Jeremy Hunt freezes alcohol duty in Autumn Statement 'to save boozers 3p a pint'

22 November 2023, 13:21 | Updated: 22 November 2023, 13:37

Hunt has frozen alcohol duty
Hunt has frozen alcohol duty. Picture: Alamy/Getty

By Will Taylor

Alcohol duty will be frozen for almost a year, Chancellor Jeremy Hunt has announced in his Autumn Statement.

Listen to this article

Loading audio...

This will save 3p off the duty cost of the average pint, the Treasury said.

It is part of a package of measures Hunt hopes will partially ease the cost of living, with a pub-goers enduring soaring prices at the bar.

Hunt told the Commons on Wednesday: "As well as confirming our Brexit Pubs Guarantee, which means duty on a pint is always lower than in the shops, I have decided to freeze all alcohol duty until August 1st next year.

Follow the latest Autumn Statement news on Global Player, the official LBC app

"That means no increase in duty on beer, cider, wine or spirits."

The freeze will be in effect until August 1 next year.

The Treasury posted on X: "This takes 3p off the duty cost of an average pint of beer – saving pubs & our alcohol sector thousands in funds that they'll be able to reinvest into their businesses."

It comes as the average price of a pint of lager closes in on £5.

Read more: Autumn Statement LIVE: Chancellor's 110-point plan unveiled including boosts for workers, businesses and pensioners

In the summer, Wetherspoons boss Tim Martin told LBC the price of a pint will "quite probably" jump to £8 and said there is "no limit" when asked if it could ever reach £10.

New figures showed the average cost jumped by 12.5% in a year, to £4.67.

A decade ago, it was £2.81. And for many in certain parts of the country - especially many parts of London - £4.67 will look like a bargain, with customers having to fork out more than £7 for a pint of certain brands.

He warned Andrew Marr that pubs might need to start selling weaker beer to save on costs and some brewers have already started diluting their alcohol content to avoid charges.

More Latest News

See more More Latest News

Australia Double Fatality

Police asked not to march at Sydney Mardi Gras parade after alleged murders

Protesters should have to provide more notice ahead of demonstrations, the Home Affairs Committee has suggested.

Gaza protests have cost police more than £25m as MPs warn demonstrations put other force priorities at risk

Ms Harman suggested the model to help MPs who feel 'vulnerable'.

Return to hybrid model of working could help MPs who 'feel vulnerable' amid safety fears, Labour MP tells LBC

Experts have urged the Chancellor not to make huge tax cuts.

Stamp duty cuts should be 'front of the queue' for Jeremy Hunt in upcoming Budget, experts say

Emmanuel Macron

Putting Western troops on the ground in Ukraine not ‘ruled out’, says Macron

Israel Palestinians

Biden ‘hopes Hamas ceasefire and hostage deal can take effect by next Monday’

James Cleverly is expected to address global leaders on Tuesday.

West must 'help people thrive in their own countries' to tackle migrant crisis, James Cleverly says

Parents demanded refunds after the event.

Kids left in tears and police called over 'shambolic' Willy Wonka-inspired event after parents forked out £35 per ticket

Don Henley

I never gave away draft lyrics of Hotel California, Eagles singer tells trial

Sweden's Prime Minister Ulf Kristersson and Prime Minister of Hungary Viktor Orbán

Hungary approves Sweden's bid to join Nato as the military alliance expands in the face of Russia's war in Ukraine

Election 2024 Trump

Judge in Trump hush-money case asked to issue gag order on former president

Brits have been warned to prepare for heavy snowfall later this week - with some areas forecast to face up to six inches.

Exact areas snow could fall this week as Brits told to prepare for up to six-inches while others face torrential rain

Sir Lindsay Hoyle is facing renewed pressure to step down as Commons Speaker

'He's not fit to stay in the role': SNP Westminster leader calls for Sir Lindsay Hoyle to step down over ceasefire row

Paul Scully claimed the cities had 'no-go' areas.

Fury as Tory MP claims there are religious ‘no-go’ areas in Birmingham and London as party's Islamophobia row deepens

Charlotte Church has been criticised for the chant being used at the concert

Charlotte Church says she is 'in no way anti-Semitic' after singing controversial 'from the river to the sea' chant

Hungarian parliament

Hungary’s parliament votes to ratify Sweden’s application to join Nato