UK Pub Prices Expected to Rise Following Budget

Major pub operators Young's and Fuller's have warned that the recent Budget, which increased employer National Insurance contributions and the National Living Wage, will lead to price rises for consumers and potential cuts in staff hours. Young's anticipates a 2-3% increase in pint prices, alongside staffing adjustments, as it faces an £11 million hit from these changes. Similarly, Fuller's projects that pint prices will rise by more than 10p due to a £3 million impact from the Budget, with CEO Simon Emeny criticizing the government's approach as detrimental to growth and employment. A CAMRA survey indicated that the average price of a pint of real ale has already risen from £5.06 to £5.42, with the number of pubs selling pints under £5 decreasing. Additionally, a proposed amendment to reinstate alcohol duty increases in line with inflation could further impact prices in the coming years. Despite these challenges, both companies reported strong sales performance, suggesting consumer confidence remains intact ahead of the festive season.