Business
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February 27, 2024
December 17, 2024
Marston's, one of the UK's largest pub chains, has announced an increase in drink prices, citing higher alcohol duty rates introduced in the latest budget.
The move comes as pubs face rising operational costs and inflationary pressures.
The price hike will affect pints across Marston's nationwide network of pubs. The increase follows the government's alcohol duty reforms, which were aimed at standardising taxation on drinks based on alcohol content. Rising energy costs and wage pressures have also contributed to higher expenses for the hospitality sector.
The announcement reflects broader challenges for the pub industry, which has been grappling with reduced consumer spending and high operational costs.
In related financial news, UK student debt has reached record levels, with some students now owing over £250,000 due to tuition fees and accrued interest rates.
For drinkers, the higher cost of a pint could lead to reduced pub visits or changes in drinking habits. Students with significant debts face mounting financial pressures, especially amid rising living costs.
