Brown, then chancellor, introduced small brewers' relief in 2002, a tax tweak that helped to catalyse an explosion of innovative startups that blossomed into a globally renowned industry brewing anything from helles lager to imperial pastry stouts.
Now, amid a worrying flurry of brewery insolvencies, Sunak risks being remembered as the man who was behind the bar when the pumps started to run dry.
Increased output correlates tightly with sales, reflecting Britain's enduring thirst for the complex and diverse flavours that the craft sector offers, particularly compared with mass-market rivals.
Amid the inflation crisis, the cost of energy, ingredients and wages has soared. Debt repayments, including on government Covid loans, have become more punishing, as the Bank of England raises rates to keep a lid on prices.
#uk-craft-beer-industry #tax-initiatives #brewery-insolvencies #market-competition #economic-challenges
[
add
]
[
|
|
...
]