Recent figures from Barclaycard indicate a rise in Pub spending, following the news in March’s Budget of a cut in beer duty.
Initial plans of a 3p increase in beer duty were instead cancelled and replaced with a welcomed 1p decrease. Research conducted by Barclaycard has since found that spending on debit and credit cards within Pubs, across the UK, has risen by 4%, as a result of the cut.
The research by Barclaycard looked at spending in pubs in the two weeks preceding the cut and the two weeks following the cut. After taking into account the effect of usual seasonal fluctuations in pub spending as the weather improves, Barclaycard found the duty cut had delivered a 4% boost to pubs in the UK.
Whilst the trend across the UK was positive, some regions saw growth significantly above the average with Wales seeing an increase of 11.8%, the North East by 6.9% and the East Midlands by 5.4%. Meanwhile, London and Scotland both saw pub spending fall with decreases of 2.1% and 3.5% respectively.
A Barclaycard spokesperson said: “This modest increase in pub spending will be a welcome sign for an industry that has faced many challenges over recent years”.
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