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Pin to quick picksYoung & Co's Brewery Share News (YNGA)

Share Price Information for Young & Co's Brewery (YNGA)

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Share Price: 980.00
Bid: 972.00
Ask: 984.00
Change: 0.00 (0.00%)
Spread: 12.00 (1.235%)
Open: 962.00
High: 984.00
Low: 962.00
Prev. Close: 980.00
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Britain helps pubs by raising 'draught relief' on beer

Wed, 15th Mar 2023 12:54

LONDON, March 15 (Reuters) - Britain's finance minister Jeremy Hunt offered extra help to pubs by reducing the tax paid on draught beers and ciders, resulting in the duty paid on a pint served in a bar undercutting the rate paid by supermarkets by up to 11 pence.

"In December, I extended the alcohol duty freeze until 1 August, after which duties will go up in line with inflation in the usual way," Hunt told parliament in his budget statement.

"But today, I will do something that was not possible when we were in the EU and significantly increase the generosity of Draught Relief, so that from 1 August the duty on draught products in pubs will be up to 11p lower than the duty in supermarkets, a differential we will maintain as part of a new Brexit pubs guarantee." (Reporting by David Milliken, Writing by Paul Sandle)

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